C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by Baldwin Wealth Partners LLC MA

Key Points

• Baldwin Wealth Partners LLC MA purchased 24,282 shares of C.H. Robinson Worldwide worth approximately $3.6 million in the third quarter. Institutional investors collectively own 93.15% of the company.
• 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 pays a quarterly dividend of $0.63 per share, representing a 1.8% annualized yield.
• CHRW shares opened at $139.75, well below their 12-month high of $210.33. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $192.08, though recent ratings have been mixed.

Baldwin Wealth Partners LLC MA purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,282 shares of the transportation company's stock, valued at approximately $3,593,000.

A number of other large investors have also modified their holdings of the business. Continuum Advisory LLC acquired a new position in shares of C.H. Robinson Worldwide during the second quarter valued at about $27,000. NBH Bank acquired a new position in C.H. Robinson Worldwide during the 2nd quarter valued at approximately $29,000. Millstone Evans Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after buying an additional 71 shares during the last quarter. Burkett Financial Services LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth $25,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $139.75 on Tuesday. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 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 $16.33 billion, a PE ratio of 26.67, a P/E/G ratio of 1.18 and a beta of 0.94. The firm has a 50 day moving average of $148.07 and a two-hundred day moving average of $168.60.

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 6.25 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide's payout ratio is currently 48.09%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CHRW shares. TD Cowen reissued a "hold" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Freedom Capital raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Wall Street Zen lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Tuesday, October 6th. 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, Evercore set a $217.00 price target on C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.08.

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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