7,973 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by McGlone Suttner Wealth Management Inc.

Key Points

• McGlone Suttner Wealth Management initiated a position of 7,973 C.H. Robinson shares worth approximately $1.18 million in the third quarter. Institutional investors 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 $192.08, despite some target-price reductions.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63, representing a 1.8% annualized yield.

McGlone Suttner Wealth Management Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,973 shares of the transportation company's stock, valued at approximately $1,180,000.

Several other hedge funds and other institutional investors have also modified their holdings of CHRW. Sax Wealth Advisors LLC grew its stake in C.H. Robinson Worldwide by 869.6% in the 3rd quarter. Sax Wealth Advisors LLC now owns 14,718 shares of the transportation company's stock valued at $2,178,000 after buying an additional 13,200 shares during the last quarter. Grove Street Fiduciary LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $209,000. Fragasso Financial Advisors Inc bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $777,000. Terra Nova Asset Management LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $935,000. Finally, Fermata Advisors LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $538,000. Institutional investors own 93.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CHRW shares. Raymond James Financial set a $192.00 price objective on C.H. Robinson Worldwide in a report on Thursday, July 30th. Stephens lowered 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 note on Thursday, July 30th. Sanford C. Bernstein reiterated a "market perform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Weiss Ratings cut C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. Finally, BMO Capital Markets boosted their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a "market perform" rating in a research note on Monday, July 13th. One investment 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $192.08.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded down $2.83 during midday trading on Tuesday, hitting $136.92. The company's stock had a trading volume of 712,841 shares, compared to its average volume of 1,969,158. C.H. Robinson Worldwide, Inc. has a 1-year low of $123.64 and a 1-year high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The company has a 50-day moving average price of $148.07 and a two-hundred day moving average price of $168.60. The company has a market cap of $16.00 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.18 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted 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. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The business's revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.25 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide's payout ratio is presently 48.09%.

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 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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