MBL Wealth LLC Makes New $1.21 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

MBL Wealth LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,176 shares of the transportation company’s stock, valued at approximately $1,210,000.

Other large investors also recently modified their holdings of the company. Vann Equity Management LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $641,000. CWS Financial Advisors LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $1,352,000. Argent Capital Management LLC bought a new position in C.H. Robinson Worldwide in the 1st quarter valued at about $5,017,000. Cravens & Co Advisors LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $1,242,000. Finally, Birch Hill Investment Advisors LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $809,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $142.31 on Friday. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The firm’s 50-day simple moving average is $146.66 and its 200 day simple moving average is $167.13. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 1.17 and a beta of 0.94.

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, beating analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. 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 firm posted $1.29 EPS. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced 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 of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 48.09%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHRW. Susquehanna boosted their price objective on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Citigroup reiterated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. Finally, Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.