C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by NFSG Corp

NFSG Corp purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 3,977 shares of the transportation company’s stock, valued at approximately $588,000.

Other hedge funds also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC raised its position in C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after purchasing an additional 65 shares during the period. Cornerstone Planning Group LLC lifted its stake in 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 during the last quarter. Millstone Evans Group LLC boosted its position in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares during the period. Root Financial Partners LLC boosted its position in shares of C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock valued at $155,000 after buying an additional 75 shares during the period. Finally, Elevated Capital Advisors LLC grew its stake 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 buying an additional 82 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Trading Down 3.0%

CHRW traded down $4.33 during trading on Friday, hitting $139.49. 3,653,853 shares of the stock were exchanged, compared to its average volume of 2,115,310. 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 has a 50 day simple moving average of $147.20 and a 200 day simple moving average of $167.85. The firm has a market cap of $16.30 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.19 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the business earned $1.29 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed 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 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 is 48.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CHRW shares. Robert W. Baird reduced their price target on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Citigroup reissued a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a report on Thursday, July 30th. Stephens cut their price objective on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Finally, Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research 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 given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $190.00.

About C.H. Robinson Worldwide

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.