7,454 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Parrish Capital LLC

Key Points

• Parrish Capital LLC acquired 7,454 shares of C.H. Robinson Worldwide valued at approximately $1.35 million, making CHRW about 1.1% of its portfolio. Institutional investors and hedge funds collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $197.00, despite several recent target-price reductions.
• C.H. Robinson reported quarterly earnings of $1.61 per share and revenue of $4.93 billion, exceeding estimates and marking 19.3% year-over-year revenue growth. The company also declared a quarterly dividend of $0.63 per share, representing a 1.7% yield.

Parrish Capital LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 7,454 shares of the transportation company's stock, valued at approximately $1,349,000. C.H. Robinson Worldwide makes up about 1.1% of Parrish Capital LLC's portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRW. Argent Capital Management LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $5,017,000. Amundi grew its stake in shares of C.H. Robinson Worldwide by 24.7% during the 1st quarter. Amundi now owns 338,574 shares of the transportation company's stock worth $56,227,000 after acquiring an additional 67,108 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of C.H. Robinson Worldwide by 469.4% in the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company's stock valued at $11,081,000 after purchasing an additional 55,005 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $10,997,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of 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 worth $181,810,000 after purchasing an additional 25,674 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHRW has been the subject of several recent research reports. Robert W. Baird reduced their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, July 28th. Stephens cut their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Stifel Nicolaus raised their price objective on C.H. Robinson Worldwide from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Evercore reaffirmed an "outperform" rating and issued a $237.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. One research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $197.00.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $147.64 on Monday. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a 50 day moving average of $168.41 and a 200-day moving average of $174.06. The company has a market cap of $17.25 billion, a PE ratio of 28.18, a PEG ratio of 1.25 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its 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. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. 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 earned $1.29 earnings per share. The firm's revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. C.H. Robinson Worldwide's payout ratio is currently 48.09%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source