AA Financial Advisors LLC Makes New $1.67 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• AA Financial Advisors LLC purchased 11,279 shares of C.H. Robinson Worldwide worth approximately $1.67 million in the third quarter. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding the $1.53 consensus estimate, while revenue reached $4.93 billion and rose 19.3% year over year.
• The company maintains a quarterly dividend of $0.63 per share, equivalent to a 1.8% annualized yield. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $190, versus a recent price of $138.85.

AA Financial Advisors LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,279 shares of the transportation company's stock, valued at approximately $1,669,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHRW. Greg Jennings LLC bought a new stake in C.H. Robinson Worldwide in the third quarter valued at about $315,000. Abel Hall LLC acquired a new position in C.H. Robinson Worldwide in the third quarter worth about $605,000. Crown Wealth Group LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth about $236,000. Talbot Financial LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth about $10,563,000. Finally, Investment Research & Advisory Group Inc. acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $3,096,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW stock traded down $0.64 during trading on Monday, hitting $138.85. 1,228,658 shares of the stock traded hands, compared to its average volume of 1,978,217. The stock has a market cap of $16.22 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. 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 has a 50 day simple moving average of $147.20 and a 200 day simple moving average of $167.89.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate 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 net margin of 3.73% and a return on equity of 38.36%. The company's quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 earnings per share. Equities 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 firm 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. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio is 48.09%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Citizens Jmp started coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price objective on the stock. Susquehanna increased their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a report on Tuesday, July 14th. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Wall Street Zen raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research note on Wednesday, October 14th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $170.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday. One 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $190.00.

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 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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