Kessler Investment Group LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Kessler Investment Group LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 13,443 shares of the transportation company’s stock, valued at approximately $1,989,000.

A number of other institutional investors have also recently bought and sold shares of the business. Whalen Wealth Management Inc. bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $1,217,000. Vann Equity Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $641,000. Alkeme Wealth LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $1,473,000. Chickasaw Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $2,113,000. Finally, Veery Capital LLC bought a new stake in C.H. Robinson Worldwide in the third quarter valued at about $271,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on CHRW shares. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Citigroup reiterated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. Jefferies Financial Group reissued a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday. Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Finally, TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $194.76.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded up $4.07 on Thursday, reaching $139.25. The stock had a trading volume of 694,416 shares, compared to its average volume of 1,970,774. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $16.27 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1-year low of $123.64 and a 1-year high of $210.33. The stock has a fifty day moving average price of $148.44 and a 200-day moving average price of $169.17.

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, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the business posted $1.29 earnings per share. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is currently 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.