Koshinski Asset Management Inc. Invests $1.45 Million in C.H. Robinson Worldwide Inc (CHRW)

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Koshinski Asset Management Inc. purchased a new stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) in the third quarter, Holdings Channel reports. The firm purchased 14,760 shares of the transportation company’s stock, valued at approximately $1,445,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHRW. AQR Capital Management LLC raised its position in C.H. Robinson Worldwide by 41.1% during the third quarter. AQR Capital Management LLC now owns 1,180,160 shares of the transportation company’s stock valued at $115,561,000 after purchasing an additional 343,688 shares in the last quarter. Mackenzie Financial Corp raised its position in C.H. Robinson Worldwide by 106.5% during the third quarter. Mackenzie Financial Corp now owns 7,481 shares of the transportation company’s stock valued at $733,000 after purchasing an additional 3,859 shares in the last quarter. Advisors Asset Management Inc. raised its position in C.H. Robinson Worldwide by 21.7% during the third quarter. Advisors Asset Management Inc. now owns 18,709 shares of the transportation company’s stock valued at $1,832,000 after purchasing an additional 3,335 shares in the last quarter. Summit Global Investments raised its position in C.H. Robinson Worldwide by 6.3% during the third quarter. Summit Global Investments now owns 23,144 shares of the transportation company’s stock valued at $2,266,000 after purchasing an additional 1,379 shares in the last quarter. Finally, One Wealth Advisors LLC acquired a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $150,000. Institutional investors own 85.84% of the company’s stock.

Shares of CHRW opened at $84.98 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.86. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.06 and a beta of 0.55. C.H. Robinson Worldwide Inc has a 12 month low of $80.83 and a 12 month high of $101.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.08. The business had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.30 billion. C.H. Robinson Worldwide had a net margin of 3.83% and a return on equity of 41.22%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. As a group, sell-side analysts predict that C.H. Robinson Worldwide Inc will post 4.57 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, December 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.35%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.46. C.H. Robinson Worldwide’s dividend payout ratio is 57.47%.

CHRW has been the topic of a number of research reports. Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Monday, December 3rd. Morgan Stanley set a $67.00 target price on shares of C.H. Robinson Worldwide and gave the stock a “sell” rating in a research note on Monday, October 22nd. Cleveland Research reaffirmed a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Friday, October 19th. Loop Capital initiated coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, October 17th. They set a “buy” rating and a $107.00 target price on the stock. Finally, Citigroup decreased their target price on shares of C.H. Robinson Worldwide from $111.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average target price of $96.80.

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About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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