Sigma Planning Corp Purchases 15,769 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Sigma Planning Corp grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1,453.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,854 shares of the transportation company’s stock after acquiring an additional 15,769 shares during the quarter. Sigma Planning Corp’s holdings in C.H. Robinson Worldwide were worth $2,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CHRW. Burkett Financial Services LLC acquired a new position in C.H. Robinson Worldwide in the third quarter worth $25,000. Millstone Evans Group LLC lifted its position in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after buying an additional 71 shares during the last quarter. Continuum Advisory LLC bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $27,000. NBH Bank bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $29,000. Finally, Reyes Financial Architecture Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $30,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $143.59 on Wednesday. C.H. Robinson Worldwide, Inc. has a 52 week low of $126.83 and a 52 week high of $210.33. The company has a 50-day moving average price of $146.34 and a two-hundred day moving average price of $170.22.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The business’s quarterly revenue was up 19.3% on a year-over-year basis. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders 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 annualized dividend and a dividend yield of 1.8%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CHRW. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a research note 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 research note on Tuesday, October 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $170.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 15th. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. reduced their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. One 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

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.