Krilogy Financial LLC Makes New $5.69 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Krilogy Financial LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, HoldingsChannel.com reports. The fund acquired 38,460 shares of the transportation company’s stock, valued at approximately $5,691,000.

A number of other hedge funds also recently made changes to their positions in CHRW. Continuum Advisory LLC purchased a new position in C.H. Robinson Worldwide in the 2nd quarter valued at about $27,000. NBH Bank bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $29,000. Millstone Evans Group LLC lifted its holdings in 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 worth $27,000 after buying an additional 71 shares during the last quarter. Burkett Financial Services LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $25,000. Finally, Cornerstone Planning Group LLC lifted its stake in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of research reports. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price objective on the stock. Bank of America reissued a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Raymond James Financial set a $192.00 target price on C.H. Robinson Worldwide in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.08.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $137.97 on Wednesday. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The company has a 50 day simple moving average of $147.74 and a 200-day simple moving average of $168.37. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released 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 return on equity of 38.36% and a net margin of 3.73%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the firm earned $1.29 earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.25 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued 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 payout ratio is 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.