Cantor Fitzgerald Investment Advisors L.P. Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Cantor Fitzgerald Investment Advisors acquired 73,509 shares of C.H. Robinson Worldwide worth approximately $10.9 million, while institutional investors collectively own 93.15% of the company.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $190, although several firms recently lowered targets or downgraded the stock.
• C.H. Robinson reported quarterly EPS of $1.61 versus the $1.53 estimate, while revenue rose 19.3% year over year to $4.93 billion; the company also maintains a quarterly dividend of $0.63 per share.

Cantor Fitzgerald Investment Advisors L.P. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 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 reporting period.

Several other institutional investors also recently modified their holdings of the business. WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter worth $579,922,000. Dimensional Fund Advisors LP lifted its stake in shares of 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 worth $181,810,000 after buying an additional 25,674 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock worth $175,304,000 after buying an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in C.H. Robinson Worldwide in the 2nd quarter worth approximately $172,626,000. Finally, Hamlin Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth $123,176,000. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. BMO Capital Markets decreased their target price on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a "market perform" rating for the company in a research note on Friday. Robert W. Baird dropped their target price on C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 price target for the company. in a research note on Monday, October 12th. Jefferies Financial Group reaffirmed a "buy" rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a report on Tuesday, July 28th. One investment 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average target price of $190.00.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $139.49 on Friday. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.19 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The business has a 50 day simple moving average of $147.20 and a 200-day simple moving average of $167.85. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share 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%. C.H. Robinson Worldwide's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio is presently 48.09%.

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 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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