C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,977 shares of the transportation company’s stock, valued at approximately $1,624,000.

Other hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake in C.H. Robinson Worldwide by 1,646.9% in the third quarter. State of Alaska Department of Revenue now owns 201,772 shares of the transportation company’s stock worth $29,854,000 after buying an additional 190,222 shares in the last quarter. Charles Schwab Trust Co bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $3,433,000. Trust Co. of Oklahoma purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $359,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $8,676,000. Finally, Curated Wealth Partners LLC bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth $1,001,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CHRW shares. Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Stephens reduced their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Susquehanna lifted their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Citizens Jmp began coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price objective on the stock. Finally, Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.20.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded up $1.52 on Thursday, hitting $140.97. The company had a trading volume of 542,134 shares, compared to its average volume of 1,968,274. The firm has a market cap of $16.47 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 1.14 and a beta of 0.94. The company has a 50-day moving average price of $147.45 and a 200-day moving average price of $168.17. 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 twelve month low of $125.35 and a twelve month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 earnings per share. As a group, equities research analysts predict 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 business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. 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 payout ratio 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 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.