Perryman Financial Advisory Inc. AD Purchases New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Perryman Financial Advisory Inc. AD purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,980 shares of the transportation company’s stock, valued at approximately $737,000.

Several other large investors have also bought and sold shares of the business. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at $579,922,000. Auto Owners Insurance Co boosted its position in shares of C.H. Robinson Worldwide by 15,976.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after purchasing an additional 1,501,744 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after purchasing 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 first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after purchasing an additional 127,103 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in C.H. Robinson Worldwide in the second quarter valued at about $172,626,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday. Stephens reduced their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Citizens Jmp started 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. Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Bank of America reiterated a “buy” rating and issued a $203.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. 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 issued a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Stock Down 3.0%

Shares of NASDAQ CHRW traded down $4.33 during mid-day trading on Friday, reaching $139.49. 3,653,853 shares of the company’s stock were exchanged, compared to its average volume of 2,115,310. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.19 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 business has a fifty day simple moving average of $147.20 and a 200 day simple moving average of $167.85. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share 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 analyst estimates of $4.35 billion. During the same period in the prior year, the business earned $1.29 EPS. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

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 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.