3,613 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,613 shares of the transportation company’s stock, valued at approximately $535,000.

A number of other large investors have also added to or reduced their stakes in CHRW. WCM Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at about $579,922,000. Bank of New York Mellon Corp acquired a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $172,626,000. Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $123,176,000. Vontobel Holding Ltd. increased its stake in shares of C.H. Robinson Worldwide by 47,894.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock valued at $122,993,000 after acquiring an additional 829,527 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of C.H. Robinson Worldwide by 532.7% during the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock valued at $109,594,000 after acquiring an additional 555,631 shares during the period. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of several recent research reports. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price for the company. in a report on Monday, October 12th. Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. BMO Capital Markets lowered their price objective on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Trading Up 1.1%

NASDAQ:CHRW traded up $1.58 during midday trading on Tuesday, reaching $140.43. 470,226 shares of the stock traded hands, compared to its average volume of 1,970,609. The company has a fifty day moving average of $147.01 and a 200 day moving average of $167.70. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33. The stock has a market capitalization of $16.41 billion, a P/E ratio of 26.81, a PEG ratio of 1.16 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released 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 during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued 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%.

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.