C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by CWS Financial Advisors LLC

Key Points

• CWS Financial Advisors acquired 9,139 shares of C.H. Robinson Worldwide worth approximately $1.35 million in the third quarter. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. Analysts project full-year EPS of $6.26.
• The company pays a quarterly dividend of $0.63 per share, or $2.52 annually, yielding about 1.8%. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $190.

CWS Financial Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,139 shares of the transportation company's stock, valued at approximately $1,352,000.

A number of other institutional investors have also modified their holdings of CHRW. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $579,922,000. Auto Owners Insurance Co raised its stake in shares of C.H. Robinson Worldwide by 15,976.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock worth $24,293,000 after acquiring an additional 1,501,744 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock valued at $181,810,000 after acquiring an additional 25,674 shares during the last quarter. Bank of America Corp DE lifted its position in C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock valued at $175,304,000 after acquiring an additional 127,103 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in C.H. Robinson Worldwide during the second quarter valued at approximately $172,626,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $139.49 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. 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 firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.16 and a beta of 0.94. The stock's 50-day simple moving average is $147.20 and its 200-day simple moving average is $167.85.

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 firm had revenue of $4.93 billion during 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% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a dividend of $0.63 per share. 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 currently 48.09%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CHRW. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 target price for the company. Raymond James Financial reaffirmed an "outperform" rating and set a $170.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday. Wall Street Zen upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a report on Wednesday. Jefferies Financial Group reiterated a "buy" rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Susquehanna raised their price objective on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $190.00.

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 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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