15,817 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Capital City Trust Co. FL

Key Points

• Capital City Trust Co. FL acquired 15,817 shares of C.H. Robinson Worldwide valued at approximately $2.34 million during the third quarter. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63, representing a 1.8% annualized yield.
• CHRW shares recently traded at $141.17, below the analyst consensus price target of $190.00. Wall Street’s overall rating is “Moderate Buy,” though some analysts have lowered their price targets or maintained hold ratings.

Capital City Trust Co. FL bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,817 shares of the transportation company's stock, valued at approximately $2,340,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC increased its stake in C.H. Robinson Worldwide by 16,719.2% during the 3rd quarter. Sterling Capital Management LLC now owns 232,778 shares of the transportation company's stock worth $34,442,000 after buying an additional 231,394 shares in the last quarter. Kennebec Savings Bank acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $853,000. Rede Wealth LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $205,000. XXI Wealth LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $501,000. Finally, Yousif Capital Management LLC lifted its stake in C.H. Robinson Worldwide by 146.9% in the 3rd quarter. Yousif Capital Management LLC now owns 142,687 shares of the transportation company's stock worth $21,112,000 after purchasing an additional 84,893 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Down 0.8%

Shares of NASDAQ:CHRW opened at $141.17 on Friday. 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 $125.41 and a 12-month high of $210.33. The company has a fifty day simple moving average of $146.52 and a 200 day simple moving average of $166.95. The firm has a market cap of $16.50 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94.

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

C.H. Robinson Worldwide Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CHRW shares. TD Cowen restated a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 8th. BMO Capital Markets decreased their target price 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, October 16th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 1st. Finally, Evercore set a $217.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $190.00.

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.

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