16,983 Shares of C.H. Robinson Worldwide, Inc. $CHRW Purchased by Koa Wealth Management LLC

Koa Wealth Management LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 16,983 shares of the transportation company’s stock, valued at approximately $2,513,000. C.H. Robinson Worldwide accounts for 1.7% of Koa Wealth Management LLC’s portfolio, making the stock its 17th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. raised its holdings in C.H. Robinson Worldwide by 424.4% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 61,401 shares of the transportation company’s stock worth $9,085,000 after purchasing an additional 49,692 shares during the last quarter. Fearless Solutions LLC dba Best Invest bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $173,000. Focus Financial Network Inc. boosted its stake in shares of C.H. Robinson Worldwide by 235.0% in the 3rd quarter. Focus Financial Network Inc. now owns 7,490 shares of the transportation company’s stock valued at $1,108,000 after purchasing an additional 5,254 shares during the last quarter. Boyce & Associates Wealth Consulting Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $228,000. Finally, Virginia Estate & Retirement Planning Advisors Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $88,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Trading Up 0.3%

CHRW traded up $0.38 during midday trading on Wednesday, reaching $138.34. 579,417 shares of the company were exchanged, compared to its average volume of 1,968,572. 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, Inc. has a one year low of $125.35 and a one year high of $210.33. The stock has a market capitalization of $16.17 billion, a P/E ratio of 26.39, a PEG ratio of 1.16 and a beta of 0.94. The stock’s 50-day simple moving average is $147.74 and its 200 day simple moving average is $168.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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 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%. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 EPS. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.25 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend 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 presently 48.09%.

Analyst Ratings Changes

CHRW has been the subject of a number of recent research reports. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. reduced their price objective on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft lowered shares of 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. Finally, Susquehanna upped their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.08.

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 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.