37,291 C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by Sowell Financial Services LLC

Sowell Financial Services LLC lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 723.1% during the third quarter, Holdings Channel.com reports. The firm owned 42,448 shares of the transportation company’s stock after buying an additional 37,291 shares during the period. Sowell Financial Services LLC’s holdings in C.H. Robinson Worldwide were worth $6,281,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Axecap Investments LLC increased its holdings in shares of C.H. Robinson Worldwide by 1,216.5% in the third quarter. Axecap Investments LLC now owns 16,088 shares of the transportation company’s stock valued at $2,498,000 after purchasing an additional 14,866 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of C.H. Robinson Worldwide by 878.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 43,871 shares of the transportation company’s stock valued at $6,491,000 after buying an additional 39,388 shares during the period. Kirr Marbach & Co. LLC IN raised its position in shares of C.H. Robinson Worldwide by 0.6% during the third quarter. Kirr Marbach & Co. LLC IN now owns 21,343 shares of the transportation company’s stock worth $3,167,000 after acquiring an additional 119 shares during the last quarter. Benchmark Financial Wealth Advisors LLC bought a new position in C.H. Robinson Worldwide in the third quarter valued at about $442,000. Finally, Cottonwood Capital Advisors LLC bought a new position in C.H. Robinson Worldwide in the third quarter valued at about $213,000. 93.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

CHRW has been the subject of a number of research reports. Raymond James Financial reiterated an “outperform” rating and issued a $170.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a research report on Monday, October 12th. Robert W. Baird reduced their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Bank of America reiterated a “buy” rating and set a $203.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Trading Up 1.2%

NASDAQ:CHRW opened at $140.57 on Wednesday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $16.43 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.15 and a beta of 0.94. The business’s 50-day simple moving average is $146.92 and its 200-day simple moving average is $167.50.

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, 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 business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the firm earned $1.29 EPS. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% compared to the same quarter last year. Sell-side analysts expect 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 business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued 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 presently 48.09%.

C.H. Robinson Worldwide 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.