7,187 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Forum Financial Management LP

Key Points

• Forum Financial Management LP acquired 7,187 shares of C.H. Robinson Worldwide valued at approximately $1.06 million during the third quarter. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a quarterly dividend of $0.63 per share, yielding about 1.8%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $190, compared with the shares’ reported price of $139.49.

Forum Financial Management LP purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,187 shares of the transportation company's stock, valued at approximately $1,063,000.

Several other institutional investors and hedge funds have also modified their holdings of CHRW. Howard Capital Management Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $4,331,000. Intergy Private Wealth LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $422,000. Berman McAleer LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $441,000. RKL Wealth Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $2,152,000. Finally, Hengehold Capital Management LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth $298,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $139.49 on Friday. 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 1-year low of $125.35 and a 1-year high of $210.33. The company has a market capitalization of $16.30 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.19 and a beta of 0.94. The firm's 50 day simple moving average is $147.20 and its two-hundred day simple moving average is $167.85.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company's revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a dividend of $0.63 per share. 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 payout ratio is 48.09%.

Analysts Set New Price Targets

CHRW has been the topic of several analyst reports. Weiss Ratings downgraded C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 1st. Susquehanna boosted their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Evercore set a $217.00 price target on C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $170.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $190.00.

C.H. Robinson Worldwide Company 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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