25,084 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Keystone Financial Planning Inc.

Key Points

• Keystone Financial Planning acquired 25,084 shares of C.H. Robinson Worldwide worth approximately $3.7 million, making the stock about 0.7% of its portfolio. Institutional investors and hedge funds collectively own 93.15% of CHRW.
• Analysts remain broadly optimistic, with a consensus rating of “Moderate Buy” and an average price target of $194.76, despite some recent hold and market-perform ratings.
• C.H. Robinson reported quarterly EPS of $1.61 versus expectations 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, equivalent to a 1.8% annual yield.

Keystone Financial Planning Inc. bought a new stake 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 (SEC). The institutional investor bought 25,084 shares of the transportation company's stock, valued at approximately $3,711,000. C.H. Robinson Worldwide comprises approximately 0.7% of Keystone Financial Planning Inc.'s investment portfolio, making the stock its 20th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $579,922,000. Auto Owners Insurance Co grew its stake in C.H. Robinson Worldwide by 15,976.0% during the 4th 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 acquired a new stake in C.H. Robinson Worldwide in the second quarter worth $172,626,000. Hamlin Capital Management LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter worth $123,176,000. Finally, Sei Investments Co. lifted its stake 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 valued at $109,594,000 after buying an additional 555,631 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CHRW shares. Susquehanna boosted their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Tuesday. Stifel Nicolaus set a $209.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday. Finally, Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $194.76.

C.H. Robinson Worldwide Trading Up 4.6%

Shares of CHRW stock opened at $141.34 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide, Inc. has a 1 year low of $123.64 and a 1 year high of $210.33. The stock has a fifty day moving average of $148.33 and a two-hundred day moving average of $168.98. The firm has a market capitalization of $16.52 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently announced 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 yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio is currently 48.09%.

About C.H. Robinson Worldwide

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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