Mystic Asset Management Inc. Purchases New Position in C.H. Robinson Worldwide, Inc. $CHRW

Mystic Asset Management Inc. purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,655 shares of the transportation company’s stock, valued at approximately $2,020,000.

Several other hedge funds have also recently bought and sold shares of CHRW. Vann Equity Management LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $641,000. Argent Capital Management LLC acquired a new position in C.H. Robinson Worldwide during the first quarter worth about $5,017,000. Amundi lifted its holdings in shares of C.H. Robinson Worldwide by 24.7% in the first quarter. Amundi now owns 338,574 shares of the transportation company’s stock valued at $56,227,000 after purchasing an additional 67,108 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of C.H. Robinson Worldwide by 469.4% in the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock valued at $11,081,000 after purchasing an additional 55,005 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at about $10,997,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 1.1%

Shares of C.H. Robinson Worldwide stock traded up $1.56 during mid-day trading on Thursday, hitting $141.01. 568,976 shares of the stock were exchanged, compared to its average volume of 1,968,414. 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 capitalization of $16.48 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 1.14 and a beta of 0.94. The company has a 50-day simple moving average of $147.45 and a 200 day simple moving average of $168.17. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

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 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 in the previous year, the business posted $1.29 earnings per share. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 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 issued a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is 48.09%.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of recent research reports. Bank of America reissued a “buy” rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Weiss Ratings lowered C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Citizens Jmp assumed coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 target price on the stock. Finally, Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target of $191.20.

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.