Vista Investment Partners LLC Acquires 8,103 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Vista Investment Partners LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,103 shares of the transportation company’s stock, valued at approximately $1,199,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. Quintet Private Bank Europe S.A. purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at about $36,000. Kaydan Wealth Management Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $166,000. Toth Financial Advisory Corp lifted its stake in shares of C.H. Robinson Worldwide by 459.7% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,504 shares of the transportation company’s stock valued at $518,000 after purchasing an additional 2,878 shares in the last quarter. Kessler Investment Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $1,989,000. Finally, Whalen Wealth Management Inc. acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $1,217,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHRW. JPMorgan Chase & Co. reduced their price target 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. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 target price on the stock. Raymond James Financial set a $192.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Finally, Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.76.

C.H. Robinson Worldwide Stock Up 3.0%

CHRW stock traded up $4.00 during trading on Thursday, reaching $139.18. The stock had a trading volume of 808,394 shares, compared to its average volume of 1,971,266. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a fifty day moving average price of $148.44 and a 200 day moving average price of $169.17. The company has a market capitalization of $16.26 billion, a P/E ratio of 26.56, a PEG 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating 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 period last year, the firm earned $1.29 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.2 earnings per share 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 dividend of $0.63 per share. 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 dividend payout ratio (DPR) is 48.09%.

About C.H. Robinson Worldwide

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.