Kingswood Wealth Advisors LLC Purchases Shares of 3,886 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Kingswood Wealth Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,886 shares of the transportation company’s stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHRW. Norges Bank acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $52,341,000. Pinebridge Investments L.P. lifted its position in shares of C.H. Robinson Worldwide by 105.5% during the fourth quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company’s stock worth $51,286,000 after purchasing an additional 304,709 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of C.H. Robinson Worldwide by 20.0% during the third quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company’s stock worth $145,333,000 after purchasing an additional 280,938 shares in the last quarter. ING Groep NV acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $19,550,000. Finally, Vanguard Group Inc. lifted its position in shares of C.H. Robinson Worldwide by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 14,038,084 shares of the transportation company’s stock worth $1,212,750,000 after purchasing an additional 174,041 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wolfe Research raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. UBS Group raised shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $71.00 to $90.00 in a research report on Thursday, June 6th. Bank of America cut their price target on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a report on Monday, April 15th. Susquehanna upped their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Evercore ISI raised shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and upped their price target for the company from $82.00 to $99.00 in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus target price of $85.38.

C.H. Robinson Worldwide Stock Up 0.4 %

C.H. Robinson Worldwide stock opened at $88.12 on Friday. The company has a 50-day simple moving average of $82.71 and a 200-day simple moving average of $79.82. The firm has a market capitalization of $10.32 billion, a P/E ratio of 34.83, a P/E/G ratio of 2.64 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.60 by $0.26. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 3.59 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.44 annualized dividend and a dividend yield of 2.77%. C.H. Robinson Worldwide’s dividend payout ratio is currently 96.44%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.