SIMA Wealth Partners LLC Acquires 4,322 Shares of C.H. Robinson Worldwide, Inc. $CHRW

SIMA Wealth Partners LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,322 shares of the transportation company’s stock, valued at approximately $639,000. C.H. Robinson Worldwide makes up about 0.4% of SIMA Wealth Partners LLC’s investment portfolio, making the stock its 26th biggest position.

Several other large investors also recently bought and sold shares of the stock. Continuum Advisory LLC acquired a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $27,000. NBH Bank purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $29,000. Millstone Evans Group LLC increased its position in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Burkett Financial Services LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $25,000. Finally, Cornerstone Planning Group LLC raised its stake in C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Citizens Jmp started coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 target price for the company. BMO Capital Markets decreased their target price on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Finally, Janney Montgomery Scott set a $155.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded down $0.80 during trading hours on Monday, reaching $138.69. 396,829 shares of the company traded hands, compared to its average volume of 1,973,877. The stock has a market capitalization of $16.21 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The stock has a fifty day simple moving average of $147.20 and a 200 day simple moving average of $167.89. 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 quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly 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 business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.29 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 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 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.