Cantor Fitzgerald Investment Advisors L.P. Buys 73,509 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Cantor Fitzgerald Investment Advisors purchased 73,509 shares of C.H. Robinson Worldwide worth approximately $10.9 million, while institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported stronger-than-expected quarterly results, with EPS of $1.61 versus the $1.53 consensus and revenue of $4.93 billion, up 19.3% year over year.
• The company pays a quarterly dividend of $0.63, or $2.52 annually, yielding about 1.8%. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $190, above the stock’s reported $140.95 price.

Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 73,509 shares of the transportation company's stock, valued at approximately $10,876,000. Cantor Fitzgerald Investment Advisors L.P. owned 0.06% of C.H. Robinson Worldwide at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Burkett Financial Services LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at about $25,000. Millstone Evans Group LLC grew its stake in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Continuum Advisory LLC bought a new position in C.H. Robinson Worldwide in the second quarter worth about $27,000. NBH Bank bought a new position in C.H. Robinson Worldwide in the second quarter worth about $29,000. Finally, Cornerstone Planning Group LLC raised its holdings in C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after purchasing an additional 67 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $140.95 on Thursday. 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's fifty day moving average price is $146.81 and its 200 day moving average price is $167.31. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The company 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.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (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 company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the business posted $1.29 EPS. The firm's quarterly revenue was up 19.3% on a year-over-year basis. As a group, equities research 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 company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date of this dividend 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 is currently 48.09%.

Analysts Set New Price Targets

Several research firms have commented on CHRW. Citigroup reissued a "market outperform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Stephens reduced their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Robert W. Baird decreased their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a research report on Tuesday, July 28th. Finally, Freedom Capital upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $190.00.

About C.H. Robinson Worldwide

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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