McGlone Suttner Wealth Management Inc. Buys 7,973 Shares of C.H. Robinson Worldwide, Inc. $CHRW

McGlone Suttner Wealth Management Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,973 shares of the transportation company’s stock, valued at approximately $1,180,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide during the first quarter worth about $579,922,000. Dimensional Fund Advisors LP increased its holdings in C.H. Robinson Worldwide by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after buying an additional 25,674 shares during the period. Bank of America Corp DE increased its holdings in C.H. Robinson Worldwide by 13.7% in the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after buying an additional 127,103 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $172,626,000. Finally, Hamlin Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $123,176,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CHRW shares. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a 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. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Bank of America restated a “buy” rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. cut their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. One equities 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.08.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW traded down $2.83 during trading on Tuesday, hitting $136.92. 712,841 shares of the company’s stock were exchanged, compared to its average volume of 1,969,158. 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 has a market cap of $16.00 billion, a PE ratio of 26.13, a P/E/G ratio of 1.18 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The stock’s 50 day moving average price is $148.07 and its two-hundred day moving average price is $168.60.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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. 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 analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

About C.H. Robinson Worldwide

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.