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

San Luis Wealth Advisors LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,805 shares of the transportation company’s stock, valued at approximately $1,007,000.

A number of other institutional investors have also modified their holdings of CHRW. Warwick Investment Management Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $309,000. Retirement Planning Group LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth $3,922,000. Secure Asset Management LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth $2,191,000. Columbia Asset Management bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $752,000. Finally, Maia Wealth LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $441,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 0.5%

NASDAQ CHRW opened at $138.85 on Tuesday. The business’s fifty day simple moving average is $147.01 and its 200-day simple moving average is $167.70. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a market cap of $16.22 billion, a PE ratio of 26.50, a P/E/G ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm posted $1.29 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% on a year-over-year basis. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Stephens lowered 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 raised their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Robert W. Baird cut their target price 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $170.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday. Finally, Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.