Ardent Capital Management Inc. Acquires 43,147 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Ardent Capital Management acquired 43,147 shares of C.H. Robinson Worldwide valued at approximately $6.4 million, making the stock its eighth-largest holding. Institutional investors and hedge funds collectively own 93.15% of CHRW.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $190, despite some target 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, equivalent to a 1.8% annual yield.

Ardent Capital Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 43,147 shares of the transportation company's stock, valued at approximately $6,384,000. C.H. Robinson Worldwide accounts for approximately 2.8% of Ardent Capital Management Inc.'s holdings, making the stock its 8th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth $579,922,000. Auto Owners Insurance Co boosted its holdings in C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock valued at $24,293,000 after acquiring an additional 1,501,744 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $181,810,000 after acquiring 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% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock valued at $175,304,000 after acquiring an additional 127,103 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in C.H. Robinson Worldwide during the second quarter valued at about $172,626,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on CHRW. Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a research note on Thursday, October 8th. Susquehanna lifted their price objective 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. TD Cowen reaffirmed a "hold" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. JPMorgan Chase & Co. decreased their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Finally, Weiss Ratings cut C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Down 3.0%

Shares of NASDAQ CHRW opened at $139.49 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.35 and a 12-month high of $210.33. The company has a market cap of $16.30 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.16 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 stock has a fifty day moving average price of $147.20 and a 200 day moving average price of $167.85.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm's revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company posted $1.29 earnings per share. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

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.

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