Integrated Advisors Network LLC Makes New $1.61 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Integrated Advisors Network LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 10,862 shares of the transportation company’s stock, valued at approximately $1,607,000.

A number of other institutional investors have also recently bought and sold shares of the business. Harfst & Associates Inc. purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $294,000. Oregon Pacific Wealth Management LLC bought a new position in C.H. Robinson Worldwide during the third quarter valued at about $283,000. Robeco Institutional Asset Management B.V. grew its position in C.H. Robinson Worldwide by 77.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 69,614 shares of the transportation company’s stock valued at $10,300,000 after buying an additional 30,287 shares during the period. Zullo Investment Group Inc. bought a new position in C.H. Robinson Worldwide during the third quarter valued at about $581,000. Finally, Diversify Advisory Services LLC increased its holdings in C.H. Robinson Worldwide by 4,439.7% during the third quarter. Diversify Advisory Services LLC now owns 79,944 shares of the transportation company’s stock worth $11,829,000 after buying an additional 78,183 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.3%

Shares of NASDAQ CHRW opened at $140.95 on Thursday. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. 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 business’s fifty day moving average price is $146.81 and its 200-day moving average price is $167.31. The stock has a market capitalization of $16.47 billion, a PE ratio of 26.90, a P/E/G ratio of 1.17 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly 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. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on CHRW. JPMorgan Chase & Co. lowered their price objective on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Janney Montgomery Scott set a $155.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price for the company. in a research report on Monday, October 12th. Stifel Nicolaus set a $209.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 8th. Finally, Raymond James Financial restated an “outperform” rating and set a $170.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.