8,640 Shares of C.H. Robinson Worldwide, Inc. $CHRW Acquired by Signature Wealth Management Partners LLC

Key Points

• Signature Wealth Management Partners acquired 8,640 shares of C.H. Robinson Worldwide worth approximately $1.28 million in the third quarter. Institutional investors collectively own 93.15% of the company.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $190, although some firms recently lowered targets or downgraded the stock.
• 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. The company also maintains a quarterly dividend of $0.63 per share, yielding about 1.8%.

Signature Wealth Management Partners LLC purchased a new position 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 & Exchange Commission. The institutional investor purchased 8,640 shares of the transportation company's stock, valued at approximately $1,278,000.

Other large investors have also modified their holdings of the company. WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $579,922,000. Dimensional Fund Advisors LP grew its position in C.H. Robinson Worldwide by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock worth $181,810,000 after purchasing an additional 25,674 shares during the last quarter. Bank of America Corp DE grew its position in C.H. Robinson Worldwide by 13.7% in the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock worth $175,304,000 after purchasing an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp bought a new position in C.H. Robinson Worldwide in the 2nd quarter worth about $172,626,000. Finally, Hamlin Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $123,176,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CHRW. Evercore set a $217.00 price target on C.H. Robinson Worldwide in a report on Tuesday, October 6th. BMO Capital Markets decreased their price objective on C.H. Robinson Worldwide from $190.00 to $160.00 and set a "market perform" rating for the company in a report on Friday, October 16th. Wall Street Zen upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 target price on the stock. in a research note on Monday, October 12th. Finally, Susquehanna lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Up 0.3%

C.H. Robinson Worldwide stock opened at $140.95 on Thursday. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.17 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company's 50-day moving average price is $146.81 and its two-hundred day moving average price is $167.31. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33.

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 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide's revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a dividend of $0.63 per share. 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 dividend payout ratio (DPR) is currently 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 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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