Peoples Financial Services CORP. Acquires New Shares in C.H. Robinson Worldwide, Inc. $CHRW

Peoples Financial Services CORP. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, Holdings Channel.com reports. The fund bought 4,464 shares of the transportation company’s stock, valued at approximately $660,000.

A number of other institutional investors also recently modified their holdings of CHRW. Dogwood Wealth Management LLC grew its position in C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 65 shares during the period. Cornerstone Planning Group LLC increased its stake in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares in the last quarter. Millstone Evans Group LLC increased its stake in C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Root Financial Partners LLC raised its holdings in C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after buying an additional 75 shares during the last quarter. Finally, Elevated Capital Advisors LLC raised its holdings in C.H. Robinson Worldwide by 10.9% during the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after buying an additional 82 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on CHRW. Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Bank of America restated a “buy” rating and issued a $203.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Up 1.3%

NASDAQ CHRW traded up $1.85 on Tuesday, reaching $140.70. The company had a trading volume of 516,006 shares, compared to its average volume of 1,970,845. 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’s fifty day moving average is $147.01 and its 200 day moving average is $167.70. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. The stock has a market capitalization of $16.44 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.16 and a beta of 0.94.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 EPS. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders 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 dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend 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 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.