C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC purchased a new position in 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 institutional investor purchased 11,357 shares of the transportation company’s stock, valued at approximately $1,680,000.

Several other institutional investors and hedge funds have also bought and sold shares of CHRW. Dogwood Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 65 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 shares in the last quarter. Millstone Evans Group LLC raised its position in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Root Financial Partners LLC raised its position in shares of C.H. Robinson Worldwide by 8.7% in the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after acquiring an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 10.9% during the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 82 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $141.17 on Monday. The company has a 50 day simple moving average of $146.52 and a two-hundred day simple moving average of $166.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.41 and a fifty-two week high of $210.33. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 1.17 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CHRW shares. JPMorgan Chase & Co. reduced their price target on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Stifel Nicolaus set a $209.00 price objective on C.H. Robinson Worldwide in a report on Thursday, October 8th. Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Weiss Ratings cut shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.