Founders Grove Wealth Partners LLC Acquires New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Founders Grove Wealth Partners LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,636 shares of the transportation company’s stock, valued at approximately $686,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WCM Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at $579,922,000. Dimensional Fund Advisors LP grew its position in C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after acquiring an additional 25,674 shares during the last quarter. Bank of America Corp DE grew its position in C.H. Robinson Worldwide by 13.7% during the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after acquiring an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in C.H. Robinson Worldwide in the 2nd quarter worth about $172,626,000. Finally, Hamlin Capital Management LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $123,176,000. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CHRW shares. Citigroup reiterated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. JPMorgan Chase & Co. reduced their price target on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. BMO Capital Markets reduced their price target on C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a report on Friday. Susquehanna upped their price objective on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Finally, TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $139.49 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.16 and a beta of 0.94. The company’s fifty day moving average is $147.20 and its 200 day moving average is $167.85.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. 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.