24,391 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Tower View Wealth Management LLC

Key Points

• Tower View Wealth Management acquired 24,391 shares of C.H. Robinson Worldwide worth approximately $3.6 million, making the stock about 1.6% of its portfolio. Institutional investors collectively own 93.15% of CHRW.
• C.H. Robinson reported quarterly revenue of $4.93 billion, up 19.3% year over year and above estimates, while EPS of $1.61 exceeded consensus by $0.08.
• The company maintains a quarterly dividend of $0.63 per share, equal to a 1.8% yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $190, compared with a recent share price of $141.17.

Tower View Wealth Management LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,391 shares of the transportation company's stock, valued at approximately $3,609,000. C.H. Robinson Worldwide makes up approximately 1.6% of Tower View Wealth Management LLC's portfolio, making the stock its 22nd biggest position.

A number of other institutional investors also recently modified their holdings of the company. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth $579,922,000. Bank of New York Mellon Corp bought a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $172,626,000. Hamlin Capital Management LLC acquired a new position in C.H. Robinson Worldwide during the third quarter worth $123,176,000. Vontobel Holding Ltd. raised its holdings in C.H. Robinson Worldwide by 47,894.2% during the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company's stock worth $122,993,000 after buying an additional 829,527 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of 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 valued at $109,594,000 after buying an additional 555,631 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $141.17 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The business has a fifty day simple moving average of $146.52 and a 200 day simple moving average of $166.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.41 and a 12 month high of $210.33. The firm has a market capitalization of $16.50 billion, a P/E ratio of 26.94, a PEG ratio of 1.17 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted 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. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the firm earned $1.29 EPS. The business's revenue for the quarter was up 19.3% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company 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. 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 payout ratio is 48.09%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CHRW shares. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 target price for the company. in a research report on Monday, October 12th. Evercore set a $217.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. UBS Group reaffirmed a "buy" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a research note on Thursday, October 8th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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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