45,653 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Euro Pacific Asset Management LLC

Key Points

• Euro Pacific Asset Management acquired 45,653 shares of C.H. Robinson Worldwide worth approximately $6.8 million, while institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a consensus price target of $192.08, despite one downgrade to “Hold.”
• C.H. Robinson reported quarterly revenue of $4.93 billion and adjusted earnings of $1.61 per share, surpassing estimates; the company also pays a quarterly dividend of $0.63 per share, yielding about 1.8%.

Euro Pacific Asset Management LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 45,653 shares of the transportation company's stock, valued at approximately $6,755,000.

Several other institutional investors have also added to or reduced their stakes in CHRW. Salvus Wealth Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $942,000. Downshift Financial LLC increased its stake in shares of C.H. Robinson Worldwide by 28,300.0% in the 3rd quarter. Downshift Financial LLC now owns 284 shares of the transportation company's stock worth $42,000 after purchasing an additional 283 shares in the last quarter. Cascade Investment Group Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $182,000. First County Bank CT purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $2,086,000. Finally, Ring Mountain Capital LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth $222,000. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CHRW. BMO Capital Markets lifted their target price on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a "market perform" rating in a research report on Monday, July 13th. Susquehanna upped their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research report on Tuesday, July 14th. Stephens reduced their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. Raymond James Financial set a $192.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, July 30th. Finally, Wall Street Zen cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average price target of $192.08.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded down $1.78 during midday trading on Tuesday, reaching $137.97. The stock had a trading volume of 1,959,232 shares, compared to its average volume of 1,975,947. The stock has a 50-day moving average of $148.07 and a 200-day moving average of $168.60. 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 company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 and a 12-month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm earned $1.29 EPS. The company's revenue was up 19.3% on a year-over-year basis. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 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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