15,067 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Tilia Fiduciary Partners Inc.

Key Points

• Tilia Fiduciary Partners acquired 15,067 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $2.23 million. Other institutional investors also opened new positions, and institutions collectively own 93.15% of the stock.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a quarterly dividend of $0.63 per share, equivalent to a 1.8% annual yield.
• CHRW shares opened at $142.31, below their 50-day and 200-day moving averages. Despite the recent price weakness, analysts give the stock a consensus “Moderate Buy” rating with an average price target of $194.76.

Tilia Fiduciary Partners Inc. acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,067 shares of the transportation company's stock, valued at approximately $2,229,000.

Several other hedge funds also recently modified their holdings of CHRW. Schaper Benz & Wise Investment Counsel Inc. WI bought a new position in C.H. Robinson Worldwide during the 3rd quarter valued at $448,000. Davidson Trust Co. purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $590,000. Castleview Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $805,000. Mirador Capital Partners LP bought a new stake in C.H. Robinson Worldwide during the third quarter worth $217,000. Finally, Capital Advisors Wealth Management LLC purchased a new position in C.H. Robinson Worldwide in the third quarter worth $533,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Up 0.7%

Shares of C.H. Robinson Worldwide stock opened at $142.31 on Friday. The company's 50-day moving average price is $148.22 and its 200-day moving average price is $168.79. 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, Inc. has a 12-month low of $123.64 and a 12-month high of $210.33. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.18 and a beta of 0.94.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared 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 currently 48.09%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CHRW. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. Stifel Nicolaus set a $209.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a "market perform" rating and a $235.00 price objective for the company. Finally, Raymond James Financial set a $192.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus price target of $194.76.

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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