32,906 C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by First Bank & Trust

Key Points

• First Bank & Trust increased its C.H. Robinson Worldwide stake by 1,596.6% in the third quarter, purchasing 32,906 additional shares and bringing its holdings to 34,967 shares valued at approximately $5.17 million.
• Institutional investors and hedge funds own 93.15% of CHRW’s outstanding stock, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $190.
• C.H. Robinson reported strong quarterly results, with EPS of $1.61 and revenue of $4.93 billion, representing year-over-year revenue growth of 19.3%; the company also pays a quarterly dividend of $0.63 per share.

First Bank & Trust grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1,596.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,967 shares of the transportation company's stock after purchasing an additional 32,906 shares during the quarter. C.H. Robinson Worldwide makes up 0.7% of First Bank & Trust's investment portfolio, making the stock its 23rd largest position. First Bank & Trust's holdings in C.H. Robinson Worldwide were worth $5,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Burkett Financial Services LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at $25,000. Millstone Evans Group LLC lifted its holdings in C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after buying an additional 71 shares during the last quarter. Continuum Advisory LLC acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth about $27,000. NBH Bank acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth about $29,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citizens Jmp assumed coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price target for the company. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 8th. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Finally, Citigroup reiterated a "market outperform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $190.00.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $139.49 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 company has a market capitalization of $16.30 billion, a P/E ratio of 26.62, a PEG ratio of 1.16 and a beta of 0.94. The business has a 50 day simple moving average of $147.20 and a 200-day simple moving average of $167.89. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. C.H. Robinson Worldwide's revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced 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 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%.

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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