C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Prosperity Capital Advisors acquired 8,631 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $1.28 million. Institutional investors own 93.15% of the company.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $191.20, although some firms recently lowered targets or downgraded the stock.
• C.H. Robinson reported quarterly revenue of $4.93 billion, up 19.3% year over year, and earnings of $1.61 per share, exceeding expectations. The company also pays a quarterly dividend of $0.63 per share, yielding approximately 1.8% annually.

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,631 shares of the transportation company's stock, valued at approximately $1,277,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kellett Wealth Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $201,000. HBW Advisory Services LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $1,077,000. KG Capital Management purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $401,000. Nolet Wealth Management LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter valued at $320,000. Finally, Howard Financial Services LTD. lifted its stake in C.H. Robinson Worldwide by 4.1% during the 3rd quarter. Howard Financial Services LTD. now owns 4,169 shares of the transportation company's stock valued at $617,000 after acquiring an additional 165 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHRW. JPMorgan Chase & Co. cut their price objective on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating on the stock in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 target price for the company. in a report on Monday. Sanford C. Bernstein reiterated a "market perform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Citigroup reissued a "market outperform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, TD Cowen restated a "hold" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued 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.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and an average target price of $191.20.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $143.82 on Friday. The stock has a 50 day moving average of $147.40 and a 200 day moving average of $168.05. The company 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 12 month low of $125.35 and a 12 month 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.

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 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The business's revenue was up 19.3% on a year-over-year basis. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. 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 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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