SLT Holdings LLC Acquires New Shares in C.H. Robinson Worldwide, Inc. $CHRW

SLT Holdings LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, Holdings Channel reports. The firm bought 7,092 shares of the transportation company’s stock, valued at approximately $1,049,000.

Other institutional investors have also added to or reduced their stakes in the company. Burkett Financial Services LLC bought a new stake in C.H. Robinson Worldwide during the third quarter worth $25,000. Millstone Evans Group LLC lifted its stake in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after acquiring 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 valued at about $27,000. NBH Bank bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $29,000. Finally, Cornerstone Planning Group LLC grew its position in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 67 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on CHRW. UBS Group restated a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday. Stephens lowered their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Finally, Susquehanna boosted their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $191.20.

C.H. Robinson Worldwide Trading Up 3.1%

Shares of C.H. Robinson Worldwide stock opened at $143.82 on Friday. The business has a fifty day simple moving average of $147.40 and a two-hundred day simple moving average of $168.05. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The company has a market capitalization of $16.81 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 1.16 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the business posted $1.29 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders 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 dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) 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.