12,376 C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by CFS Investment Advisory Services LLC

Key Points

• CFS Investment Advisory Services increased its C.H. Robinson stake by 619.7% in the third quarter, acquiring 12,376 shares for a total holding valued at $2.13 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share and revenue of $4.93 billion, exceeding analyst expectations; revenue rose 19.3% year over year.
• The company pays a quarterly dividend of $0.63 per share, equivalent to a 1.8% yield, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $190.

CFS Investment Advisory Services LLC boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 619.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,373 shares of the transportation company's stock after buying an additional 12,376 shares during the period. CFS Investment Advisory Services LLC's holdings in C.H. Robinson Worldwide were worth $2,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vann Equity Management LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth about $641,000. CWS Financial Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $1,352,000. Argent Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $5,017,000. Cravens & Co Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $1,242,000. Finally, Birch Hill Investment Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $809,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $138.85 on Tuesday. The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33. The firm has a fifty day simple moving average of $147.01 and a 200 day simple moving average of $167.70. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. C.H. Robinson Worldwide's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CHRW. Freedom Capital raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 8th. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 target price for the company. Sanford C. Bernstein reiterated a "market perform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Weiss Ratings lowered shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $190.00.

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 resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.

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