Carnegie Investment Counsel Buys 104,689 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Carnegie Investment Counsel initiated a stake of 104,689 C.H. Robinson shares valued at approximately $15.5 million, representing about 0.09% of the company. Institutional investors collectively own 93.15% of CHRW.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $190 price target, although Deutsche Bank downgraded the stock to “Hold” with a $153 target.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a quarterly dividend of $0.63 per share, yielding about 1.8% annually.

Carnegie Investment Counsel bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 104,689 shares of the transportation company's stock, valued at approximately $15,490,000. Carnegie Investment Counsel owned about 0.09% of C.H. Robinson Worldwide at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. WCM Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at about $579,922,000. Dimensional Fund Advisors LP raised its stake in shares of C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock valued at $181,810,000 after buying an additional 25,674 shares during the last quarter. Bank of America Corp DE lifted its holdings in 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 valued at $175,304,000 after acquiring an additional 127,103 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $172,626,000. Finally, Hamlin Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $123,176,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CHRW. Freedom Capital raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Citigroup restated a "market outperform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. 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 on the stock in a research report on Tuesday, July 28th. Sanford C. Bernstein reiterated a "market perform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Deutsche Bank Aktiengesellschaft cut shares of 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 report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Up 1.2%

CHRW opened at $140.57 on Wednesday. The stock has a market capitalization of $16.43 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.15 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 business has a 50 day simple moving average of $146.92 and a 200-day simple moving average of $167.50. 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 announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the firm posted $1.29 EPS. The business's revenue was up 19.3% compared to the same quarter last year. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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