C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors LLC increased its C.H. Robinson Worldwide stake by 2,425.6% in the third quarter, bringing its holdings to 41,445 shares valued at approximately $6.1 million. Institutional investors collectively own 93.15% of the company.
• Analyst sentiment remains positive but mixed, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $190. Recent targets ranged from $160 to $226.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding 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, equivalent to a 1.8% yield.

Frank Rimerman Advisors LLC increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2,425.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,445 shares of the transportation company's stock after acquiring an additional 39,804 shares during the quarter. Frank Rimerman Advisors LLC's holdings in C.H. Robinson Worldwide were worth $6,132,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CHRW. Vann Equity Management LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $641,000. Argent Capital Management LLC acquired a new position in C.H. Robinson Worldwide during the 1st quarter valued at approximately $5,017,000. Amundi raised its holdings in shares of C.H. Robinson Worldwide by 24.7% in the first quarter. Amundi now owns 338,574 shares of the transportation company's stock worth $56,227,000 after buying an additional 67,108 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth $1,277,000. Finally, Empowered Funds LLC lifted its stake in shares of C.H. Robinson Worldwide by 469.4% during the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company's stock worth $11,081,000 after buying an additional 55,005 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. cut their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating on the stock in a research report on Monday, October 5th. Susquehanna raised their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research note on Tuesday, July 14th. Weiss Ratings cut C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 1st. Finally, BMO Capital Markets dropped their price target on C.H. Robinson Worldwide from $190.00 to $160.00 and set a "market perform" rating on the stock in a research note on Friday. One 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $139.49 on Friday. 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. The firm has a market capitalization of $16.30 billion, a PE ratio of 26.62, a P/E/G ratio of 1.16 and a beta of 0.94. The firm has a 50 day moving average of $147.20 and a two-hundred day moving average of $167.85.

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

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a $0.63 dividend. The ex-dividend date 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 presently 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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