8,277 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Galvin Gaustad & Stein LLC

Key Points

• Galvin Gaustad & Stein LLC acquired 8,277 C.H. Robinson shares valued at approximately $1.23 million in the third quarter. Institutional investors and hedge funds 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 pays a quarterly dividend of $0.63, representing an annualized dividend of $2.52 and a yield of about 1.8%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $194.76.

Galvin Gaustad & Stein LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,277 shares of the transportation company's stock, valued at approximately $1,225,000.

A number of other institutional investors also recently modified their holdings of the company. Burkett Financial Services LLC bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth $25,000. Millstone Evans Group LLC grew its position in 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 valued at $27,000 after purchasing an additional 71 shares during the period. Continuum Advisory LLC bought a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $27,000. NBH Bank bought a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $29,000. Finally, Cornerstone Planning Group LLC raised its holdings in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after buying an additional 67 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $141.34 on Friday. 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 firm has a market cap of $16.52 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.13 and a beta of 0.94. The company has a fifty day moving average price of $148.33 and a 200-day moving average price of $168.98.

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 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 company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the firm earned $1.29 earnings per share. The firm's revenue was up 19.3% on a year-over-year basis. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.21 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio is currently 48.09%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of recent research reports. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Tuesday. Robert W. Baird lowered their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. Susquehanna raised their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a research report on Tuesday, July 14th. Finally, Evercore set a $217.00 price target on C.H. Robinson Worldwide in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $194.76.

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.

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.