Precision Wealth Strategies LLC Purchases Shares of 3,824 C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Precision Wealth Strategies LLC acquired 3,824 shares of C.H. Robinson Worldwide, Inc. valued at approximately $367,000 during the 2nd quarter, indicating growing institutional interest in the company.
• Analysts have set new price targets for C.H. Robinson Worldwide, including a target of $165.00 from Susquehanna and $155.00 from Evercore ISI, reflecting a generally positive outlook for the stock.
• In a recent quarterly report, C.H. Robinson Worldwide posted earnings per share of $1.29, exceeding expectations, but revenue decreased by 7.7% year-over-year, signaling potential concerns for future growth.

Precision Wealth Strategies LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,824 shares of the transportation company's stock, valued at approximately $367,000.

Several other large investors also recently modified their holdings of CHRW. North Capital Inc. bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $25,000. NBC Securities Inc. acquired a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $27,000. First Financial Corp IN bought a new stake in shares of C.H. Robinson Worldwide during the first quarter worth approximately $31,000. WPG Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $32,000. Finally, AdvisorNet Financial Inc increased its stake in shares of C.H. Robinson Worldwide by 252.1% during the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after purchasing an additional 300 shares during the period. 93.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on CHRW. Susquehanna set a $165.00 price target on C.H. Robinson Worldwide and gave the company a "positive" rating in a research note on Wednesday, September 24th. Baird R W raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Wells Fargo & Company upped their price target on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Barclays upgraded shares of C.H. Robinson Worldwide from an "underweight" rating to an "equal weight" rating and set a $130.00 price objective for the company in a research note on Wednesday. Finally, Evercore ISI boosted their price objective on shares of C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an "outperform" rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.19.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the transaction, the insider owned 60,401 shares in the company, valued at $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the transaction, the insider directly owned 65,728 shares of the company's stock, valued at $7,640,222.72. This trade represents a 8.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,577 shares of company stock valued at $1,714,544. Corporate insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $132.66 on Thursday. The company's 50-day moving average price is $123.89 and its two-hundred day moving average price is $105.12. The firm has a market cap of $15.67 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.08 and a beta of 0.90. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The firm's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 EPS. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $0.62 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 56.49%.

C.H. Robinson Worldwide Company Profile

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.

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