C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its C.H. Robinson position by 77% in the third quarter, adding 30,287 shares for a total of 69,614 shares valued at approximately $10.3 million. Institutional investors collectively own 93.15% of the company.
• Analyst sentiment remains generally positive, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $190, although some firms recently lowered their targets.
• CHRW shares opened at $141.17, well below their 52-week high of $210.33. The company recently exceeded quarterly earnings and revenue expectations and pays a quarterly dividend of $0.63 per share, yielding about 1.8%.

Robeco Institutional Asset Management B.V. boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 77.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 69,614 shares of the transportation company's stock after acquiring an additional 30,287 shares during the period. Robeco Institutional Asset Management B.V. owned 0.06% of C.H. Robinson Worldwide worth $10,300,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC grew its stake in C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock valued at $45,000 after buying an additional 65 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after acquiring an additional 67 shares during the period. Millstone Evans Group LLC lifted its position in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock worth $155,000 after acquiring an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC boosted its holdings in shares of C.H. Robinson Worldwide by 10.9% in the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company's stock worth $139,000 after acquiring an additional 82 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CHRW. Citizens Jmp started coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price target for the company. Bank of America reissued a "buy" rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Stephens cut their target price on 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. Wall Street Zen raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a report on Wednesday, October 14th. Finally, BMO Capital Markets reduced their target price on C.H. Robinson Worldwide from $190.00 to $160.00 and set a "market perform" rating for the company in a report on Friday, October 16th. One research 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 MarketBeat, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average price target of $190.00.

C.H. Robinson Worldwide Stock Down 0.8%

CHRW stock opened at $141.17 on Friday. The company's 50 day moving average is $146.52 and its 200 day moving average is $166.95. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.41 and a 1-year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data 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. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same quarter last year, the company posted $1.29 EPS. The business's quarterly revenue was up 19.3% on a year-over-year basis. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS 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. Investors of record on Friday, September 4th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 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 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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