C.H. Robinson Worldwide, Inc. $CHRW Stock Acquired by Signaturefd LLC

Signaturefd LLC boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1,862.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,986 shares of the transportation company’s stock after buying an additional 35,101 shares during the period. Signaturefd LLC’s holdings in C.H. Robinson Worldwide were worth $5,472,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CHRW. BG Investment Services LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $186,000. Morton Capital Management LLC CA acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $311,000. Forbes Financial Planning Inc. bought a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $487,000. Bond & Devick Financial Network Inc. bought a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $187,000. Finally, Evanson Financial LLC bought a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $735,000. 93.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the subject of several recent analyst reports. Stifel Nicolaus set a $209.00 target price on C.H. Robinson Worldwide in a research note on Thursday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $170.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 15th. Evercore set a $217.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price target for the company. in a report on Monday, October 12th. Finally, TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Trading Down 0.8%

Shares of C.H. Robinson Worldwide stock opened at $141.17 on Friday. The firm has a market capitalization of $16.50 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.17 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 firm’s 50 day moving average is $146.52 and its 200 day moving average is $166.95. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.41 and a 1 year 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, topping analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 EPS. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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