Signature Wealth Management Partners LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Signature Wealth Management Partners LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,640 shares of the transportation company’s stock, valued at approximately $1,278,000.

Several other large investors have also bought and sold shares of the company. Magnus Financial Group LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $795,000. Piedmont Capital Management LLC NC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $699,000. Hartford Financial Management Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $442,000. White Lighthouse Investment Management Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $1,977,000. Finally, Smith Shellnut Wilson LLC ADV acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $770,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.3%

NASDAQ:CHRW opened at $140.95 on Thursday. The stock has a fifty day simple moving average of $146.81 and a 200 day simple moving average of $167.31. The firm has a market capitalization of $16.47 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.35 and a 1-year high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data 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. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.29 EPS. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CHRW shares. Stifel Nicolaus set a $209.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 8th. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Finally, Citigroup reaffirmed a “market outperform” rating 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $190.00.

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 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.