26,506 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Retirement Planning Group LLC

Key Points

• Retirement Planning Group LLC acquired 26,506 shares of C.H. Robinson Worldwide worth approximately $3.92 million in the third quarter. Several other funds also initiated positions, and institutional investors collectively own 93.15% of the stock.
• Analyst sentiment remains favorable but mixed: the stock has a consensus rating of “Moderate Buy” and an average price target of $190, although Deutsche Bank downgraded it to “hold” and Truist lowered its target to $200.
• C.H. Robinson’s latest quarter exceeded expectations, with adjusted earnings of $1.61 per share and revenue of $4.93 billion, up 19.3% year over year. The company also pays a quarterly dividend of $0.63 per share, representing a 1.8% yield.

Retirement Planning Group LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,506 shares of the transportation company's stock, valued at approximately $3,922,000.

A number of other hedge funds have also made changes to their positions in the stock. Secure Asset Management LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter worth approximately $2,191,000. Columbia Asset Management acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $752,000. Maia Wealth LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $441,000. Ridgecrest Wealth Partners LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $734,000. Finally, Tanager Wealth Management LLP bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $1,856,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 price objective for the company. in a report on Monday, October 12th. Raymond James Financial reaffirmed an "outperform" rating and set a $170.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday. Truist Financial lowered their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. Citigroup reiterated a "market outperform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $190.00.

C.H. Robinson Worldwide Trading Down 0.5%

Shares of NASDAQ:CHRW opened at $138.85 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.35 and a 1-year high of $210.33. The company has a 50 day moving average price of $147.01 and a 200 day moving average price of $167.70.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly 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 company had revenue of $4.93 billion for the quarter, compared to analysts' expectations 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 was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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 dividend of $0.63 per share. 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 (DPR) is currently 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 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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