First County Bank CT Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

First County Bank CT acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,098 shares of the transportation company’s stock, valued at approximately $2,086,000. C.H. Robinson Worldwide comprises approximately 0.9% of First County Bank CT’s investment portfolio, making the stock its 29th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHRW. Continuum Advisory LLC acquired a new position in C.H. Robinson Worldwide in the second quarter valued at about $27,000. NBH Bank purchased a new position in C.H. Robinson Worldwide during the second quarter worth about $29,000. Millstone Evans Group LLC increased its position in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Burkett Financial Services LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $25,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 67 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHRW has been the topic of several recent analyst reports. TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a research report on Monday. Citigroup restated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Bank of America restated a “buy” rating and set a $203.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.08.

C.H. Robinson Worldwide Stock Down 1.9%

Shares of CHRW stock traded down $2.67 during trading on Tuesday, reaching $137.08. The company’s stock had a trading volume of 641,128 shares, compared to its average volume of 1,968,965. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 1.18 and a beta of 0.94. The stock’s 50-day moving average price is $148.07 and its 200 day moving average price is $168.60. C.H. Robinson Worldwide, Inc. has a 1-year low of $123.64 and a 1-year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is 48.09%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.