7,829 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Rahlfs Capital LLC

Key Points

• Rahlfs Capital LLC acquired 7,829 shares of C.H. Robinson Worldwide worth approximately $1.16 million during the third quarter. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson shares fell 0.8% to $141.17, well below their 12-month high of $210.33. The stock carries a “Moderate Buy” consensus rating and an average analyst price target of $190.
• The company exceeded quarterly expectations, reporting $1.61 in earnings per share and $4.93 billion in revenue, up 19.3% year over year. It also maintains a quarterly dividend of $0.63, equivalent to a 1.8% annual yield.

Rahlfs Capital LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,829 shares of the transportation company's stock, valued at approximately $1,158,000.

Several other institutional investors have also added to or reduced their stakes in CHRW. Continuum Advisory LLC bought a new position in C.H. Robinson Worldwide during the second quarter worth about $27,000. NBH Bank bought a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $29,000. Millstone Evans Group LLC raised its position in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after purchasing an additional 71 shares during the period. Burkett Financial Services LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $25,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of C.H. Robinson Worldwide by 57.3% during 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 in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 0.8%

Shares of C.H. Robinson Worldwide stock traded down $1.14 during midday trading on Friday, reaching $141.17. 1,251,746 shares of the company's stock traded hands, compared to its average volume of 2,104,193. The stock has a 50 day moving average of $146.52 and a 200-day moving average of $166.95. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.41 and a 12 month high of $210.33. The company has a market cap of $16.50 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results 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 business had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 earnings per share. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS 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. Stockholders of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 48.09%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a report on Wednesday, October 14th. Stephens dropped their target price on 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. Sanford C. Bernstein restated a "market perform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Susquehanna lifted their price objective on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. Finally, TD Cowen reissued a "hold" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned 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 an average rating of "Moderate Buy" and a consensus target price of $190.00.

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 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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