C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by Royal Fund Management LLC

Key Points

• Royal Fund Management acquired 11,081 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $1.64 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson shares recently fell 0.8% to $141.17, well below their 12-month high of $210.33. The company reported quarterly revenue growth of 19.3% and beat earnings estimates, posting $1.61 in EPS versus the $1.53 consensus.
• The company maintains a quarterly dividend of $0.63, equivalent to a 1.8% annual yield. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $190.

Royal Fund Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,081 shares of the transportation company's stock, valued at approximately $1,640,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Curry Webb Wealth Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $52,000. Sepio Capital LP bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth $3,218,000. WP Advisors LLC purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $565,000. Benin Management CORP bought a new position in C.H. Robinson Worldwide in the third quarter worth about $506,000. Finally, Howland Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $522,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 0.8%

Shares of C.H. Robinson Worldwide stock traded down $1.14 during trading hours on Friday, hitting $141.17. The company's stock had a trading volume of 1,251,746 shares, compared to its average volume of 2,104,193. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 1.18 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.41 and a twelve month high of $210.33. The firm has a fifty day moving average of $146.52 and a 200-day moving average of $166.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

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 (EPS) 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 for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the company earned $1.29 earnings per share. The firm's quarterly revenue was up 19.3% compared to the same quarter last year. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CHRW shares. Wall Street Zen raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research report on Wednesday, October 14th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Sanford C. Bernstein reissued a "market perform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Freedom Capital upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $190.00.

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 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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