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

Key Points

• Diversified Management Inc. acquired 7,148 shares of C.H. Robinson Worldwide during the third quarter, valued at approximately $1.06 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion.
• The company pays a quarterly dividend of $0.63 per share, representing an annualized payout of $2.52 and a 1.8% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $194.76, above the reported share price of $141.34.

Diversified Management Inc. bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,148 shares of the transportation company's stock, valued at approximately $1,058,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dogwood Wealth Management LLC grew its position in C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock worth $45,000 after purchasing an additional 65 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after buying an additional 67 shares during the period. Millstone Evans Group LLC boosted its stake 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. Root Financial Partners LLC boosted its stake in shares of C.H. Robinson Worldwide by 8.7% in the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock worth $155,000 after buying an additional 75 shares during the last quarter. Finally, Elevated Capital Advisors LLC grew its holdings in C.H. Robinson Worldwide by 10.9% during the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company's stock worth $139,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $141.34 on Friday. C.H. Robinson Worldwide, Inc. has a 52 week low of $123.64 and a 52 week high of $210.33. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a 50-day simple moving average of $148.33 and a 200-day simple moving average of $168.98.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping 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%. The business's revenue was up 19.3% on a year-over-year basis. During the same period last year, the company posted $1.29 EPS. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend 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 48.09%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHRW. Susquehanna boosted their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. Janney Montgomery Scott set a $155.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Citigroup reissued a "market outperform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. Sanford C. Bernstein restated a "market perform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Finally, Weiss Ratings downgraded C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and an average price target of $194.76.

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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