WP Advisors LLC Makes New $565,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

WP Advisors LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,821 shares of the transportation company’s stock, valued at approximately $565,000.

A number of other institutional investors have also added to or reduced their stakes in CHRW. Benin Management CORP bought a new position in C.H. Robinson Worldwide in the third quarter worth approximately $506,000. Howland Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $522,000. Brookstone Capital Management bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $20,076,000. Five Oceans Advisors acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth approximately $303,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth approximately $1,986,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHRW has been the topic of a number of recent research reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. JPMorgan Chase & Co. lowered their price objective on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Jefferies Financial Group reiterated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Raymond James Financial reissued an “outperform” rating and set a $170.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, October 15th. Finally, Citigroup reaffirmed a “market outperform” 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 issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $142.31 on Friday. The company has a fifty day moving average price of $146.66 and a 200-day moving average price of $167.13. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.17 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. 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 released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the firm earned $1.29 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared 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 dividend 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 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.