C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Doliver Advisors LP

Doliver Advisors LP bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, HoldingsChannel.com reports. The fund bought 18,004 shares of the transportation company’s stock, valued at approximately $2,664,000. C.H. Robinson Worldwide makes up about 0.6% of Doliver Advisors LP’s investment portfolio, making the stock its 25th biggest position.

Several other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $27,000. NBH Bank acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $29,000. Millstone Evans Group LLC lifted its position in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares in the last quarter. Finally, Bayban acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth $32,000. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of analyst reports. BMO Capital Markets raised their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday, July 13th. Stifel Nicolaus boosted their price target on shares of C.H. Robinson Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Finally, Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $196.56.

C.H. Robinson Worldwide Stock Up 3.5%

Shares of NASDAQ:CHRW traded up $5.18 during midday trading on Thursday, hitting $153.14. The stock had a trading volume of 1,487,912 shares, compared to its average volume of 1,930,729. The company has a market cap of $17.89 billion, a P/E ratio of 29.23, a PEG ratio of 1.27 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The business’s 50-day simple moving average is $152.20 and its 200-day simple moving average is $170.12. 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 issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the business posted $1.29 EPS. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

C.H. Robinson Worldwide 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.