79,701 C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors increased its C.H. Robinson stake by 661.4%, purchasing 79,701 additional shares to hold 91,751 shares worth approximately $13.6 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $194.76.
• C.H. Robinson exceeded quarterly expectations, reporting $1.61 in EPS and $4.93 billion in revenue, up 19.3% year over year. The company also declared a $0.63 quarterly dividend, equivalent to a 1.8% annual yield.

Farther Finance Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 661.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,751 shares of the transportation company's stock after purchasing an additional 79,701 shares during the quarter. Farther Finance Advisors LLC owned 0.08% of C.H. Robinson Worldwide worth $13,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Continuum Advisory LLC bought a new stake in C.H. Robinson Worldwide during the second quarter valued at approximately $27,000. NBH Bank bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth $29,000. Millstone Evans Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after buying an additional 71 shares during the last quarter. Burkett Financial Services LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $25,000. Finally, Cornerstone Planning Group LLC raised its position 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.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CHRW. UBS Group reiterated a "buy" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Citigroup reiterated a "market outperform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Raymond James Financial set a $192.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Finally, BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $194.76.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $141.34 on Friday. The firm has a fifty day simple moving average of $148.33 and a two-hundred day simple moving average of $168.98. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a twelve month low of $123.64 and a twelve month high of $210.33. The company has a market capitalization of $16.52 billion, a PE ratio of 26.97, a P/E/G ratio of 1.13 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for 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%.The company's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the firm earned $1.29 earnings per share. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.21 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given 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 (DPR) is presently 48.09%.

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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