25,084 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Keystone Financial Planning Inc.

Keystone Financial Planning Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 25,084 shares of the transportation company’s stock, valued at approximately $3,711,000. C.H. Robinson Worldwide accounts for approximately 0.7% of Keystone Financial Planning Inc.’s holdings, making the stock its 20th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter valued at $311,000. First Heartland Consultants Inc. bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $458,000. GAMMA Investing LLC raised its stake in shares of C.H. Robinson Worldwide by 680.2% in the 3rd quarter. GAMMA Investing LLC now owns 60,566 shares of the transportation company’s stock worth $8,961,000 after buying an additional 52,803 shares in the last quarter. Galvin Gaustad & Stein LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at $1,225,000. Finally, Invariant Investment Management acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at $344,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on CHRW. Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday. Robert W. Baird cut their price target on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Finally, Raymond James Financial set a $192.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.76.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $141.34 on Friday. The stock’s fifty day simple moving average is $148.33 and its 200 day simple moving average is $168.98. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.13 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week 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 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 the consensus estimate of $4.35 billion. During the same period in the prior year, the business posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is currently 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 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.