C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 294.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,353 shares of the transportation company’s stock after buying an additional 20,410 shares during the period. Goelzer Investment Management Inc.’s holdings in C.H. Robinson Worldwide were worth $4,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Continuum Advisory LLC acquired a new position in C.H. Robinson Worldwide during the second quarter worth about $27,000. NBH Bank purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at about $29,000. Millstone Evans Group LLC raised its holdings in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Burkett Financial Services LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $25,000. Finally, Cornerstone Planning Group LLC lifted its stake in C.H. Robinson Worldwide by 57.3% in the 1st 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. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Down 3.0%

CHRW opened at $139.49 on Friday. The stock has a market capitalization of $16.30 billion, a PE 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 one year low of $125.35 and a one year high of $210.33. 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 business’s 50 day moving average price is $147.20 and its 200 day moving average price is $167.85.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. As a group, equities research 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 declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a $0.63 dividend. 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 payout ratio is 48.09%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CHRW shares. UBS Group restated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. 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. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Susquehanna upped their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. Finally, Raymond James Financial restated an “outperform” rating and issued a $170.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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 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.