14,806 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Secure Asset Management LLC

Key Points

• Secure Asset Management LLC bought 14,806 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $2.19 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding the $1.53 analyst consensus, while revenue rose 19.3% year over year to $4.93 billion.
• The company maintains a quarterly dividend of $0.63 per share, equivalent to an annualized $2.52 payout and a 1.8% yield. Analysts have a consensus “Moderate Buy” rating and a $190 target price, though several firms recently lowered their targets.

Secure Asset Management LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,806 shares of the transportation company's stock, valued at approximately $2,191,000.

Other hedge funds also recently made changes to their positions in the company. WCM Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $579,922,000. Dimensional Fund Advisors LP lifted its position in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock worth $181,810,000 after purchasing an additional 25,674 shares in the last quarter. Bank of America Corp DE boosted its holdings in C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock worth $175,304,000 after purchasing an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in C.H. Robinson Worldwide during the second quarter worth $172,626,000. Finally, Hamlin Capital Management LLC acquired a new position in C.H. Robinson Worldwide during the third quarter worth $123,176,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Down 0.5%

NASDAQ:CHRW opened at $138.85 on Tuesday. The firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. The stock's 50 day moving average price is $147.01 and its two-hundred day moving average price is $167.70. 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 (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion for 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%. The business's revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.29 EPS. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Truist Financial decreased their target price on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. BMO Capital Markets cut their price target on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a "market perform" rating on the stock in a research report on Friday. Wall Street Zen raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research report on Wednesday, October 14th. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 8th. Finally, Robert W. Baird decreased their price objective on C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus 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.

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report).

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.