15,726 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Everhart Financial Group Inc.

Everhart Financial Group Inc. bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 15,726 shares of the transportation company’s stock, valued at approximately $2,327,000.

A number of other institutional investors have also recently made changes to their positions in CHRW. Continuum Advisory LLC bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth $27,000. NBH Bank bought a new position in C.H. Robinson Worldwide in the second quarter valued at $29,000. Millstone Evans Group LLC raised its position in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Burkett Financial Services LLC bought a new stake in C.H. Robinson Worldwide during the third quarter worth about $25,000. Finally, Cornerstone Planning Group LLC boosted its holdings 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 purchasing an additional 67 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 2.8%

Shares of C.H. Robinson Worldwide stock traded up $3.75 on Thursday, hitting $138.93. The stock had a trading volume of 775,227 shares, compared to its average volume of 1,971,100. 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, Inc. has a one year low of $123.64 and a one year high of $210.33. The stock has a market cap of $16.23 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.13 and a beta of 0.94. The stock’s 50-day simple moving average is $148.44 and its two-hundred day simple moving average is $169.17.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly 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 analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 EPS. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently commented on CHRW. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Finally, BMO Capital Markets boosted their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $194.76.

About C.H. Robinson Worldwide

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.