14,806 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Secure Asset Management LLC

Secure Asset Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,806 shares of the transportation company’s stock, valued at approximately $2,191,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Burkett Financial Services LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $25,000. Millstone Evans Group LLC grew its holdings in 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 worth $27,000 after purchasing an additional 71 shares during the period. Continuum Advisory LLC bought a new position in C.H. Robinson Worldwide during the second quarter worth about $27,000. NBH Bank acquired a new position in C.H. Robinson Worldwide during the second quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC increased its position in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after buying an additional 67 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $138.85 on Tuesday. The firm has a 50-day moving average of $147.01 and a 200-day moving average of $167.70. 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 stock has a market cap of $16.22 billion, a PE ratio of 26.50, a P/E/G ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping 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 quarter in the previous year, the firm posted $1.29 EPS. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CHRW. TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday. Citizens Jmp started coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 target price for the company. Evercore set a $217.00 target price on C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide currently 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.