15,726 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Everhart Financial Group Inc.

Key Points

• Everhart Financial Group acquired 15,726 C.H. Robinson shares worth approximately $2.33 million during the third quarter. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $194.76, despite recent target reductions.
• C.H. Robinson reported quarterly revenue of $4.93 billion, up 19.3% year over year, and EPS of $1.61, exceeding analyst expectations. The company also pays a quarterly dividend of $0.63, representing a 1.8% annualized yield.

Everhart Financial Group Inc. purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,726 shares of the transportation company's stock, valued at approximately $2,327,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CHRW. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth $579,922,000. Auto Owners Insurance Co increased its holdings in C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock worth $24,293,000 after buying an additional 1,501,744 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in C.H. Robinson Worldwide in the second quarter worth about $172,626,000. Sei Investments Co. raised its position in C.H. Robinson Worldwide by 532.7% in the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company's stock worth $109,594,000 after acquiring an additional 555,631 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $74,523,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of several research analyst reports. Bank of America restated a "buy" rating and set a $203.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday. Evercore set a $217.00 price objective on C.H. Robinson Worldwide in a report on Tuesday. Jefferies Financial Group reissued a "buy" rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday. Citizens Jmp started coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their price target 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. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $194.76.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $3.75 during trading hours on Thursday, reaching $138.93. The stock had a trading volume of 775,227 shares, compared to its average volume of 1,971,100. The stock's fifty day simple moving average is $148.44 and its 200 day simple moving average is $169.17. The firm has a market capitalization of $16.23 billion, a PE ratio of 26.50, a PEG ratio of 1.13 and a beta of 0.94. 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 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 posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same period in the prior year, the company posted $1.29 EPS. The business's revenue for the quarter was up 19.3% compared to the same quarter last year. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 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.

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.