13,423 Shares of C.H. Robinson Worldwide, Inc. $CHRW Acquired by SeaCrest Wealth Management LLC

Key Points

• SeaCrest Wealth Management acquired 13,423 shares of C.H. Robinson Worldwide worth approximately $1.99 million, while institutional investors collectively own 93.15% of the company.
• Analysts maintain a broadly positive outlook, with the stock carrying a consensus “Moderate Buy” rating and a $190 price target, despite several firms recently lowering their targets.
• C.H. Robinson exceeded quarterly expectations with $1.61 in EPS and $4.93 billion in revenue, up 19.3% year over year; it also pays a quarterly dividend of $0.63 per share, yielding about 1.8% annually.

SeaCrest Wealth Management LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,423 shares of the transportation company's stock, valued at approximately $1,986,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Legacy Financial Group Inc. purchased a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $436,000. Isthmus Partners LLC increased its stake in C.H. Robinson Worldwide by 1.1% during the 3rd quarter. Isthmus Partners LLC now owns 76,334 shares of the transportation company's stock worth $11,294,000 after buying an additional 865 shares during the period. Root Financial Partners LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $892,000. Trust Co of the South purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $215,000. Finally, Precedent Wealth Partners LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $374,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wall Street Zen upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research note on Wednesday, October 14th. Stephens cut their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th. Truist Financial reduced their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, October 7th. JPMorgan Chase & Co. lowered their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. Finally, Jefferies Financial Group restated a "buy" rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $190.00.

C.H. Robinson Worldwide Price Performance

CHRW opened at $142.31 on Friday. The company has a market capitalization of $16.63 billion, a P/E ratio of 27.16, a PEG ratio of 1.17 and a beta of 0.94. The company has a 50-day moving average of $146.66 and a 200-day moving average of $167.13. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.35 and a 1-year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 earnings per share. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal 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 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 presently 48.09%.

C.H. Robinson Worldwide 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.