9,397 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Private Wealth Partners LLC

Private Wealth Partners LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 9,397 shares of the transportation company’s stock, valued at approximately $1,390,000.

Several other hedge funds have also added to or reduced their stakes in CHRW. Vann Equity Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $641,000. CWS Financial Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at about $1,352,000. Argent Capital Management LLC bought a new position in C.H. Robinson Worldwide during the first quarter worth about $5,017,000. Cravens & Co Advisors LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter worth about $1,242,000. Finally, Birch Hill Investment Advisors LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter worth about $809,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded down $1.14 during midday trading on Friday, hitting $141.17. The stock had a trading volume of 1,251,746 shares, compared to its average volume of 2,104,193. The company’s 50-day moving average price is $146.52 and its 200-day moving average price is $166.95. The company has a market capitalization of $16.50 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 1.18 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 fifty-two week low of $125.41 and a fifty-two week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS 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 given a dividend of $0.63 per share. 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 payout ratio is currently 48.09%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. UBS Group reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Evercore set a $217.00 price target on C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Susquehanna raised their price objective on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Finally, Stifel Nicolaus set a $209.00 price objective on C.H. Robinson Worldwide in a report on Thursday, October 8th. One equities 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.00.

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.