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

Key Points

• Copeland Capital Management acquired 63,087 C.H. Robinson shares worth approximately $9.3 million, while institutional investors 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 $192.08, despite several recent target reductions.
• C.H. Robinson reported quarterly earnings of $1.61 per share, beating estimates, while revenue rose 19.3% year over year to $4.93 billion; the company also maintains a $0.63 quarterly dividend yielding about 1.8%.

Copeland Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 63,087 shares of the transportation company's stock, valued at approximately $9,334,000. Copeland Capital Management LLC owned approximately 0.05% of C.H. Robinson Worldwide at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHRW. Vann Equity Management LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $641,000. Argent Capital Management LLC bought a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $5,017,000. Amundi grew its holdings in C.H. Robinson Worldwide by 24.7% during the 1st quarter. Amundi now owns 338,574 shares of the transportation company's stock worth $56,227,000 after acquiring an additional 67,108 shares during the last quarter. Empowered Funds LLC increased its position in C.H. Robinson Worldwide by 469.4% in the 1st quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company's stock valued at $11,081,000 after acquiring an additional 55,005 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at approximately $10,997,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CHRW shares. Raymond James Financial set a $192.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Robert W. Baird reduced their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 28th. JPMorgan Chase & Co. decreased their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Citigroup reaffirmed a "market outperform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Evercore set a $217.00 target price on 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 given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $192.08.

C.H. Robinson Worldwide Stock Up 1.1%

Shares of C.H. Robinson Worldwide stock opened at $139.45 on Thursday. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.14 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. The stock's 50-day moving average is $147.45 and its 200 day moving average is $168.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

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, topping 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 company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the firm posted $1.29 EPS. The company's quarterly revenue was up 19.3% on a year-over-year basis. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a 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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