Legacy Financial Advisors Inc. Grows Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Legacy Financial Advisors Inc. raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,783 shares of the transportation company’s stock after buying an additional 334 shares during the period. Legacy Financial Advisors Inc.’s holdings in C.H. Robinson Worldwide were worth $413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CHRW. Vision Capital Management Inc. boosted its position in shares of C.H. Robinson Worldwide by 0.8% in the 4th quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock worth $1,435,000 after buying an additional 129 shares in the last quarter. Cascade Investment Advisors Inc. grew its holdings in C.H. Robinson Worldwide by 1.1% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 13,665 shares of the transportation company’s stock valued at $1,177,000 after purchasing an additional 145 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 3.4% in the third quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $393,000 after purchasing an additional 149 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its stake in C.H. Robinson Worldwide by 2.9% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock valued at $503,000 after acquiring an additional 165 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of C.H. Robinson Worldwide by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 51,934 shares of the transportation company’s stock valued at $4,473,000 after purchasing an additional 190 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CHRW. BMO Capital Markets boosted their target price on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday. StockNews.com upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus raised their price target on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Wells Fargo & Company reduced their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the company an “underweight” rating in a research report on Thursday. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.60.

C.H. Robinson Worldwide Trading Up 0.3 %

Shares of NASDAQ CHRW traded up $0.27 during mid-day trading on Friday, hitting $81.20. 2,545,846 shares of the company traded hands, compared to its average volume of 1,743,609. The business has a 50 day moving average of $72.85 and a two-hundred day moving average of $79.10. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 4.17 and a beta of 0.75. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $105.18. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 0.99.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. The company 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 business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $0.61 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.44 annualized dividend and a dividend yield of 3.00%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 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.