SeaCrest Wealth Management LLC Acquires 13,423 Shares of C.H. Robinson Worldwide, Inc. $CHRW

SeaCrest Wealth Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 13,423 shares of the transportation company’s stock, valued at approximately $1,986,000.

A number of other hedge funds have also recently added to or reduced their stakes in CHRW. Legacy Financial Group Inc. acquired a new position in C.H. Robinson Worldwide in the third quarter worth $436,000. Isthmus Partners LLC raised its holdings in shares of C.H. Robinson Worldwide by 1.1% during the third quarter. Isthmus Partners LLC now owns 76,334 shares of the transportation company’s stock worth $11,294,000 after purchasing an additional 865 shares during the period. Root Financial Partners LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $892,000. Trust Co of the South bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $215,000. Finally, Precedent Wealth Partners LLC bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $374,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CHRW. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target for the company. Raymond James Financial reiterated an “outperform” rating and set a $170.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 15th. JPMorgan Chase & Co. cut their target price 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. Bank of America restated a “buy” rating and issued a $203.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $142.31 on Friday. 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 stock has a market capitalization of $16.63 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The stock’s fifty day moving average is $146.66 and its two-hundred day moving average is $167.13.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 earnings per share. 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 disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given 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 dividend payout ratio (DPR) is currently 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.