44,042 Shares of C.H. Robinson Worldwide, Inc. $CHRW Acquired by Apella Capital LLC

Key Points

• Apella Capital acquired 44,042 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $6.5 million. Institutional investors collectively own 93.15% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $194.76, despite recent target reductions from Robert W. Baird and JPMorgan.
• C.H. Robinson exceeded quarterly earnings and revenue expectations, reporting $1.61 in EPS and $4.93 billion in revenue, while maintaining a quarterly dividend of $0.63 per share, equivalent to a 1.8% yield.

Apella Capital LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 44,042 shares of the transportation company's stock, valued at approximately $6,516,000.

Other hedge funds also recently bought and sold shares of the company. Continuum Advisory LLC purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth approximately $27,000. NBH Bank purchased a new position in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $29,000. Millstone Evans Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after acquiring an additional 71 shares in the last quarter. Burkett Financial Services LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $25,000. Finally, Cornerstone Planning Group LLC lifted its stake 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 acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of several recent analyst reports. Robert W. Baird cut their price target on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. Citigroup restated a "market outperform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday. JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating on the stock in a research report on Monday. Sanford C. Bernstein reiterated a "market perform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Finally, Freedom Capital raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $194.76.

C.H. Robinson Worldwide Stock Up 4.6%

CHRW stock opened at $141.34 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $123.64 and a twelve month high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a market cap 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. The business has a 50 day moving average of $148.33 and a 200 day moving average of $168.98.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the company posted $1.29 earnings per share. The company's revenue for the quarter was up 19.3% compared to the same quarter last year. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.21 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio is 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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