3,926 Shares of C.H. Robinson Worldwide, Inc. $CHRW Purchased by Zullo Investment Group Inc.

Zullo Investment Group Inc. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,926 shares of the transportation company’s stock, valued at approximately $581,000.

A number of other large investors have also added to or reduced their stakes in CHRW. Dogwood Wealth Management LLC lifted its position in shares of C.H. Robinson Worldwide by 37.8% during the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after buying an additional 65 shares during the last quarter. Cornerstone Planning Group LLC grew its position 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 buying an additional 67 shares during the last quarter. Millstone Evans Group LLC grew its position in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after buying an additional 71 shares during the last quarter. Root Financial Partners LLC grew its position in shares of C.H. Robinson Worldwide by 8.7% in the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after buying an additional 75 shares during the last quarter. Finally, Elevated Capital Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 10.9% during the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after acquiring an additional 82 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. 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. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Citizens Jmp started coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target on the stock. One 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $140.57 on Wednesday. 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 company has a market cap of $16.43 billion, a PE ratio of 26.83, a P/E/G ratio of 1.15 and a beta of 0.94. The business has a 50-day simple moving average of $146.92 and a two-hundred day simple moving average of $167.50. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 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 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.