84,893 C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Yousif Capital Management LLC

Key Points

• Yousif Capital Management increased its C.H. Robinson stake by 146.9%, purchasing 84,893 shares to reach 142,687 shares valued at approximately $21.1 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. Analysts expect full-year EPS of $6.26.
• The stock recently traded at $141.17, below its 50-day and 200-day moving averages, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $190. The company also pays a quarterly dividend of $0.63, implying a 1.8% yield.

Yousif Capital Management LLC lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 146.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,687 shares of the transportation company's stock after purchasing an additional 84,893 shares during the period. Yousif Capital Management LLC owned 0.12% of C.H. Robinson Worldwide worth $21,112,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. WCM Investment Management LLC purchased a new position in C.H. Robinson Worldwide in the first quarter valued at approximately $579,922,000. Dimensional Fund Advisors LP increased its position in 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 buying an additional 25,674 shares during the last quarter. Bank of America Corp DE increased its position in C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock worth $175,304,000 after buying an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at $172,626,000. Finally, Hamlin Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at $123,176,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded down $1.14 during mid-day trading on Friday, reaching $141.17. The company's stock had a trading volume of 1,251,746 shares, compared to its average volume of 2,104,193. 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 capitalization of $16.50 billion, a P/E ratio of 26.94, a PEG 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. The firm's fifty day moving average price is $146.52 and its two-hundred day moving average price is $166.95.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 business'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 firm posted $1.29 EPS. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide's payout ratio is 48.09%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CHRW. Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Sanford C. Bernstein reissued a "market perform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Weiss Ratings cut C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 1st. Bank of America restated a "buy" rating and issued a $203.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Citizens Jmp initiated coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a "market perform" rating and a $235.00 price objective on the stock. One equities research 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.00.

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 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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