7,092 Shares of C.H. Robinson Worldwide, Inc. $CHRW Purchased by SLT Holdings LLC

Key Points

• SLT Holdings LLC acquired 7,092 shares of C.H. Robinson Worldwide worth approximately $1.05 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding the $1.53 consensus estimate, while revenue reached $4.93 billion and increased 19.3% year over year.
• The company pays a quarterly dividend of $0.63 per share, or $2.52 annually, representing a 1.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $191.20.

SLT Holdings LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,092 shares of the transportation company's stock, valued at approximately $1,049,000.

A number of other institutional investors also recently modified their holdings of the company. Burkett Financial Services LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth about $25,000. Millstone Evans Group LLC grew 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 worth $27,000 after buying an additional 71 shares in the last quarter. Continuum Advisory LLC acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at approximately $27,000. NBH Bank acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC raised its position in 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 buying an additional 67 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Trading Up 3.1%

C.H. Robinson Worldwide stock opened at $143.82 on Friday. The firm has a 50-day moving average of $147.40 and a 200-day moving average of $168.05. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market cap of $16.81 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 1.16 and a beta of 0.94.

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 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 analysts' expectations 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 for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. On average, equities analysts expect 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 business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio is presently 48.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CHRW shares. UBS Group restated a "buy" rating on shares of C.H. Robinson Worldwide in a research note 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. Susquehanna raised their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research note on Tuesday, July 14th. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price objective on the stock. Finally, Truist Financial cut their price objective on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average price target of $191.20.

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 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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