37,291 C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Sowell Financial Services LLC

Key Points

• Sowell Financial Services LLC increased its C.H. Robinson Worldwide stake by 723.1% in the third quarter, acquiring 37,291 additional shares and bringing its holdings to 42,448 shares valued at approximately $6.28 million.
• Analysts maintain a generally positive view of CHRW, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $190, despite Deutsche Bank downgrading the stock to “Hold.”
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63, equating to a 1.8% annual yield.

Sowell Financial Services LLC boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 723.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,448 shares of the transportation company's stock after acquiring an additional 37,291 shares during the period. Sowell Financial Services LLC's holdings in C.H. Robinson Worldwide were worth $6,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $25,000. Millstone Evans Group LLC grew its holdings in shares of 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 purchasing an additional 71 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $27,000. NBH Bank acquired a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $29,000. Finally, Cornerstone Planning Group LLC lifted its position in C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after purchasing an additional 67 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of analyst reports. UBS Group reaffirmed a "buy" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft lowered shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 target price on the stock. in a research report on Monday, October 12th. Bank of America reissued a "buy" rating and issued a $203.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Finally, Raymond James Financial restated an "outperform" rating and set a $170.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.00.

C.H. Robinson Worldwide Stock Up 1.2%

NASDAQ CHRW opened at $140.57 on Wednesday. The stock's 50 day simple moving average is $146.92 and its 200 day simple moving average is $167.50. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. The firm has a market cap of $16.43 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.15 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data 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 firm 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%. The business's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. As a group, sell-side 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 announced 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 was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) 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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