Riverbend Wealth Management LLC Purchases 3,517 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Riverbend Wealth Management LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,517 shares of the transportation company’s stock, valued at approximately $520,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CHRW. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth $579,922,000. Auto Owners Insurance Co raised its position in shares of C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after purchasing an additional 1,501,744 shares during the period. Dimensional Fund Advisors LP raised its position in shares of C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after purchasing an additional 25,674 shares during the period. Bank of America Corp DE raised its position in shares of C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after purchasing an additional 127,103 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at $172,626,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW opened at $143.82 on Friday. The stock has a fifty day moving average of $147.40 and a 200-day moving average of $168.05. The firm has a market capitalization of $16.81 billion, a P/E ratio of 27.45, a PEG ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.35 and a 12-month high of $210.33. 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 EPS 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 quarter last year, the firm posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 annualized dividend 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 is currently 48.09%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CHRW. Sanford C. Bernstein reiterated a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price objective on the stock. in a report on Monday. Janney Montgomery Scott set a $155.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Raymond James Financial reissued an “outperform” rating and issued a $170.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday. Finally, Evercore set a $217.00 price target 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 issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $191.20.

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 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.