Cypress Wealth Services LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Cypress Wealth Services LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, HoldingsChannel.com reports. The fund acquired 5,858 shares of the transportation company’s stock, valued at approximately $867,000.

Other hedge funds have also modified their holdings of the company. Continuum Advisory LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $27,000. NBH Bank purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $29,000. Millstone Evans Group LLC increased its stake 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 valued at $27,000 after purchasing an additional 71 shares in the last quarter. Burkett Financial Services LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $25,000. Finally, Cornerstone Planning Group LLC raised its holdings in 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 during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 0.3%

Shares of C.H. Robinson Worldwide stock opened at $140.95 on Thursday. The firm has a market capitalization of $16.47 billion, a PE ratio of 26.90, a P/E/G ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. The firm’s 50-day moving average price is $146.81 and its 200 day moving average price is $167.31. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the firm posted $1.29 EPS. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on CHRW shares. Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. Weiss Ratings cut C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. JPMorgan Chase & Co. reduced their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Finally, BMO Capital Markets decreased their target price on C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.00.

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.