20,922 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Investment Research & Advisory Group Inc.

Investment Research & Advisory Group Inc. bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,922 shares of the transportation company’s stock, valued at approximately $3,096,000. C.H. Robinson Worldwide makes up approximately 0.9% of Investment Research & Advisory Group Inc.’s holdings, making the stock its 29th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of CHRW. Burkett Financial Services LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $25,000. Millstone Evans Group LLC increased its position in shares of C.H. Robinson Worldwide by 79.8% in 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 in the last quarter. Continuum Advisory LLC acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $27,000. NBH Bank acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $29,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of 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 buying an additional 67 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. Bank of America restated a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, BMO Capital Markets cut their price objective on C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating for the company in a research report on Friday. One 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 assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Trading Down 0.5%

Shares of NASDAQ CHRW traded down $0.64 during midday trading on Monday, reaching $138.85. 386,300 shares of the stock were exchanged, compared to its average volume of 1,973,877. The stock has a 50 day moving average price of $147.20 and a 200-day moving average price of $167.89. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $16.22 billion, a P/E ratio of 26.49, 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 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the business earned $1.29 earnings per share. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is 48.09%.

C.H. Robinson Worldwide 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.