C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue increased its C.H. Robinson Worldwide stake by 1,646.9% in the third quarter, adding 190,222 shares to own 201,772 shares valued at approximately $29.85 million.
• Other institutional investors also initiated or expanded positions, and institutions now own 93.15% of CHRW’s outstanding stock.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates, while revenue rose 19.3% year over year to $4.93 billion. The company pays a $0.63 quarterly dividend, and analysts’ consensus rating is “Moderate Buy” with a $191.20 price target.

State of Alaska Department of Revenue grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1,646.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,772 shares of the transportation company's stock after buying an additional 190,222 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.17% of C.H. Robinson Worldwide worth $29,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Charles Schwab Trust Co acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $3,433,000. Trust Co. of Oklahoma bought a new stake in C.H. Robinson Worldwide in the third quarter worth approximately $359,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $8,676,000. Curated Wealth Partners LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $1,001,000. Finally, WealthPlan Investment Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 218.5% during the 3rd quarter. WealthPlan Investment Management LLC now owns 8,159 shares of the transportation company's stock valued at $1,207,000 after purchasing an additional 5,597 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock traded up $1.68 on Thursday, reaching $141.13. The stock had a trading volume of 534,037 shares, compared to its average volume of 1,968,072. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The business's 50-day moving average price is $147.45 and its two-hundred day moving average price is $168.17. The stock has a market cap of $16.49 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 1.14 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its 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. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide's revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business posted $1.29 EPS. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders 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 yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio is 48.09%.

Analysts Set New Price Targets

CHRW has been the subject of several analyst reports. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Citizens Jmp began coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a "market perform" rating and a $235.00 target price on the stock. TD Cowen reissued a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Sanford C. Bernstein restated a "market perform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Freedom Capital raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. One equities 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $191.20.

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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