71,389 Shares of C.H. Robinson Worldwide, Inc. $CHRW Acquired by Talbot Financial LLC

Key Points

• Talbot Financial LLC acquired 71,389 shares of C.H. Robinson Worldwide worth approximately $10.6 million, giving it a 0.06% stake. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly revenue of $4.93 billion, up 19.3% year over year and above estimates, while earnings of $1.61 per share exceeded expectations of $1.53.
• The stock recently traded at $138.43, down 0.8%, while analysts maintain a “Moderate Buy” consensus with an average price target of $190. The company also pays a quarterly dividend of $0.63, yielding about 1.8% annually.

Talbot Financial LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 71,389 shares of the transportation company's stock, valued at approximately $10,563,000. Talbot Financial LLC owned about 0.06% of C.H. Robinson Worldwide at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide during the 1st quarter worth approximately $579,922,000. Dimensional Fund Advisors LP lifted its position in C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock valued at $181,810,000 after purchasing an additional 25,674 shares during the last quarter. Bank of America Corp DE lifted its position in C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock valued at $175,304,000 after purchasing an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $172,626,000. Finally, Hamlin Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $123,176,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 0.8%

CHRW traded down $1.06 during midday trading on Monday, reaching $138.43. 419,431 shares of the company's stock traded hands, compared to its average volume of 1,973,981. The firm has a fifty day moving average of $147.20 and a two-hundred day moving average of $167.89. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 1.16 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, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share 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 during the quarter, compared to analysts' expectations of $4.35 billion. During the same quarter last year, the business posted $1.29 EPS. The business's revenue was up 19.3% on a year-over-year basis. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share 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. Investors of record on Friday, September 4th were paid a $0.63 dividend. 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 presently 48.09%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CHRW shares. JPMorgan Chase & Co. cut their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating on the stock in a report on Monday, October 5th. Evercore set a $217.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a "market perform" rating and a $235.00 price target for the company. Weiss Ratings cut shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 1st. Finally, Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and a consensus target price of $190.00.

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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