29,470 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Parthenon LLC

Key Points

• Parthenon LLC acquired 29,470 shares of C.H. Robinson Worldwide during the third quarter, valued at approximately $4.36 million. Institutional investors and hedge funds collectively own 93.15% of the company.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $190.00, despite some firms maintaining or downgrading the stock to “Hold.”
• CHRW shares recently traded at $141.17, down 0.8%, while the company reported quarterly EPS of $1.61, beating estimates, and revenue of $4.93 billion, up 19.3% year over year. The company also maintains a quarterly dividend of $0.63, representing a 1.8% annualized yield.

Parthenon LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 29,470 shares of the transportation company's stock, valued at approximately $4,360,000.

Other large investors have also recently added to or reduced their stakes in the company. MLP3 LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter valued at $180,000. Private Wealth Partners LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $1,390,000. Credit Capital Investments LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $178,000. MBL Wealth LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $1,210,000. Finally, OLD Second National Bank of Aurora acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $601,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHRW has been the topic of several research analyst reports. Janney Montgomery Scott set a $155.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. Freedom Capital raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. TD Cowen reiterated 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 target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 price objective on the stock. in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.00.

C.H. Robinson Worldwide Trading Down 0.8%

CHRW traded down $1.14 during mid-day trading on Friday, hitting $141.17. 1,251,746 shares of the stock were exchanged, compared to its average volume of 2,104,193. The firm's fifty day moving average is $146.52 and its two-hundred day moving average is $166.95. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.41 and a 1-year 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. The company has a market cap of $16.50 billion, a PE ratio of 26.94, a PEG 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, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during 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%. C.H. Robinson Worldwide's revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm 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 (DPR) is presently 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 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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