10,050 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Titleist Asset Management LLC

Key Points

• Titleist Asset Management acquired 10,050 shares of C.H. Robinson Worldwide during the third quarter, valued at approximately $1.49 million. Institutional investors and hedge funds collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $194.76, despite some recent target-price reductions and a downgrade to “Hold.”
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63 per share, equivalent to a 1.8% yield.

Titleist Asset Management LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,050 shares of the transportation company's stock, valued at approximately $1,487,000.

A number of other institutional investors have also recently added to or reduced their stakes in CHRW. Dogwood Wealth Management LLC boosted its stake in C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock valued at $45,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after buying an additional 67 shares in the last quarter. Millstone Evans Group LLC lifted its holdings in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after buying an additional 71 shares during the period. Root Financial Partners LLC boosted its stake in C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock valued at $155,000 after buying an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC boosted its stake in C.H. Robinson Worldwide by 10.9% during the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company's stock valued at $139,000 after buying an additional 82 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wall Street Zen cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Tuesday. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. TD Cowen reaffirmed a "hold" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. Janney Montgomery Scott set a $155.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. Finally, Robert W. Baird dropped their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $194.76.

C.H. Robinson Worldwide Stock Up 4.6%

Shares of C.H. Robinson Worldwide stock opened at $141.34 on Friday. The stock's fifty day moving average is $148.33 and its 200-day moving average is $168.98. The firm has a market capitalization of $16.52 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 and a 12-month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the business posted $1.29 earnings per share. C.H. Robinson Worldwide's revenue was up 19.3% compared to the same quarter last year. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio is currently 48.09%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.

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