5,373 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Magnus Financial Group LLC

Magnus Financial Group LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 5,373 shares of the transportation company’s stock, valued at approximately $795,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC increased its holdings 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 acquiring an additional 65 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of C.H. Robinson Worldwide by 57.3% during the first 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. Millstone Evans Group LLC lifted its holdings 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 purchasing an additional 71 shares in the last quarter. Root Financial Partners LLC lifted its holdings 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 purchasing an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 10.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after purchasing an additional 82 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the subject of several research reports. Stephens reduced their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price objective for the company. in a report on Monday, October 12th. Finally, Susquehanna boosted their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Trading Up 1.0%

Shares of CHRW stock opened at $142.31 on Friday. 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 capitalization of $16.63 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. The company has a 50-day simple moving average of $146.66 and a two-hundred day simple moving average of $167.13.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the firm earned $1.29 EPS. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis 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 (DPR) is presently 48.09%.

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.