Purewater Capital LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Purewater Capital LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,298 shares of the transportation company’s stock, valued at approximately $784,000. C.H. Robinson Worldwide comprises 0.6% of Purewater Capital LLC’s investment portfolio, making the stock its 20th biggest holding.

Other institutional investors have also bought and sold shares of the company. Dogwood Wealth Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after buying an additional 65 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of C.H. Robinson Worldwide by 57.3% during the 1st 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. Millstone Evans Group LLC raised its position in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of C.H. Robinson Worldwide by 8.7% in the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock valued at $155,000 after acquiring an additional 75 shares during the last quarter. Finally, Elevated Capital Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 10.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock valued at $139,000 after acquiring an additional 82 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $141.17 on Monday. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.41 and a twelve month high of $210.33. The company has a market cap of $16.50 billion, a P/E ratio of 26.94, a P/E/G ratio of 1.17 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company’s fifty day simple moving average is $146.52 and its 200-day simple moving average is $166.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its 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. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the business earned $1.29 EPS. The business’s revenue was up 19.3% on a year-over-year basis. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is 48.09%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citizens Jmp assumed coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target for the company. Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. UBS Group reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Janney Montgomery Scott set a $155.00 target price on 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 issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.00.

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.