C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its C.H. Robinson Worldwide stake by 680.2% in the third quarter, ending with 60,566 shares valued at approximately $8.96 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $194.76. Recent targets from Jefferies and Deutsche Bank reached $220.
• C.H. Robinson reported stronger-than-expected quarterly results, including $1.61 in EPS versus $1.53 expected and $4.93 billion in revenue, up 19.3% year over year. The company also pays a quarterly dividend of $0.63 per share, yielding about 1.8% annually.

GAMMA Investing LLC lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 680.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,566 shares of the transportation company's stock after buying an additional 52,803 shares during the quarter. GAMMA Investing LLC owned approximately 0.05% of C.H. Robinson Worldwide worth $8,961,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at about $579,922,000. Auto Owners Insurance Co lifted its position in shares of C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock worth $24,293,000 after purchasing an additional 1,501,744 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $181,810,000 after purchasing an additional 25,674 shares during the period. Bank of America Corp DE grew its holdings 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 valued at $175,304,000 after purchasing an additional 127,103 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $172,626,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CHRW. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Jefferies Financial Group restated a "buy" rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Stephens reduced their price objective on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $194.76.

C.H. Robinson Worldwide Stock Up 4.6%

Shares of NASDAQ:CHRW opened at $141.34 on Friday. The firm's 50 day moving average price is $148.33 and its 200 day moving average price is $168.98. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly 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 net margin of 3.73% and a return on equity of 38.36%. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The firm's quarterly revenue was up 19.3% on a year-over-year basis. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed 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. 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 Company 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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