C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by Curated Wealth Partners LLC

Curated Wealth Partners LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 6,765 shares of the transportation company’s stock, valued at approximately $1,001,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. Burkett Financial Services LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $25,000. Millstone Evans Group LLC grew its stake in shares of 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 during the last quarter. Continuum Advisory LLC bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $27,000. NBH Bank acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CHRW. Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Susquehanna lifted their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $191.20.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $143.82 on Friday. The stock has a market capitalization of $16.81 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.16 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 company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average price of $147.40 and a two-hundred day moving average price of $168.05.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion for 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 was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 EPS. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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

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.