C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by Brookstone Capital Management

Key Points

• Brookstone Capital Management acquired 135,687 shares of C.H. Robinson Worldwide during the third quarter, worth approximately $20.1 million. Institutional investors and hedge funds collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $190.00, despite some target-price reductions and hold or market-perform ratings.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63 per share, equivalent to a 1.8% yield.

Brookstone Capital Management bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 135,687 shares of the transportation company's stock, valued at approximately $20,076,000. Brookstone Capital Management owned approximately 0.12% of C.H. Robinson Worldwide as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide in the first quarter worth about $579,922,000. Bank of New York Mellon Corp acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth approximately $172,626,000. Hamlin Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $123,176,000. Vontobel Holding Ltd. lifted its position in shares of C.H. Robinson Worldwide by 47,894.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company's stock worth $122,993,000 after buying an additional 829,527 shares during the period. Finally, Sei Investments Co. lifted its position in shares of C.H. Robinson Worldwide by 532.7% during the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company's stock worth $109,594,000 after buying an additional 555,631 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Cowen reiterated a "hold" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 1st. Robert W. Baird lowered their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. Jefferies Financial Group reiterated a "buy" rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.00.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $142.31 on Friday. The stock's fifty day moving average is $146.66 and its 200-day moving average is $167.13. 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 stock has a market capitalization of $16.63 billion, a PE ratio of 27.16, a PEG ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. 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 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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