BostonPremier Wealth LLC Purchases New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• BostonPremier Wealth LLC initiated a 7,494-share position in C.H. Robinson Worldwide worth approximately $1.1 million, representing about 0.5% of its portfolio. Institutional investors collectively own 93.15% of CHRW.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $191.20, despite Deutsche Bank downgrading it to “Hold.”
• C.H. Robinson exceeded quarterly expectations with $1.61 in earnings per share and $4.93 billion in revenue, while maintaining a quarterly dividend of $0.63 per share, or $2.52 annualized.

BostonPremier Wealth LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,494 shares of the transportation company's stock, valued at approximately $1,109,000. C.H. Robinson Worldwide comprises approximately 0.5% of BostonPremier Wealth LLC's investment portfolio, making the stock its 20th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in CHRW. WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $579,922,000. Dimensional Fund Advisors LP grew its stake in C.H. Robinson Worldwide by 2.4% during 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 grew its position in C.H. Robinson Worldwide by 13.7% during 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 acquiring an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in C.H. Robinson Worldwide during the 2nd quarter worth about $172,626,000. Finally, Hamlin Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $123,176,000. Institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup reissued a "market outperform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Stephens lowered their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Citizens Jmp assumed 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. Jefferies Financial Group reaffirmed a "buy" rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 price objective on the stock. in a report on Monday. One equities 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $191.20.

C.H. Robinson Worldwide Stock Up 3.1%

CHRW stock opened at $143.82 on Friday. 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 stock has a market capitalization of $16.81 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. The business's fifty day moving average price is $147.40 and its two-hundred day moving average price is $168.05.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders 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 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 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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