C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC acquired 52,001 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $7.7 million. 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, although JPMorgan recently reduced its target to $198.
• C.H. Robinson reported quarterly earnings of $1.61 per share and $4.93 billion in revenue, exceeding estimates and representing 19.3% year-over-year revenue growth. The company also pays a quarterly dividend of $0.63, yielding about 1.8% annually.

Sanders Morris Harris LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 52,001 shares of the transportation company's stock, valued at approximately $7,694,000. C.H. Robinson Worldwide comprises about 1.0% of Sanders Morris Harris LLC's investment portfolio, making the stock its 24th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Vann Equity Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $641,000. Argent Capital Management LLC bought a new position in C.H. Robinson Worldwide in the first quarter worth approximately $5,017,000. Amundi grew its stake in C.H. Robinson Worldwide by 24.7% in the first quarter. Amundi now owns 338,574 shares of the transportation company's stock valued at $56,227,000 after acquiring an additional 67,108 shares during the period. Empowered Funds LLC raised its position in shares of C.H. Robinson Worldwide by 469.4% during the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company's stock worth $11,081,000 after purchasing an additional 55,005 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in C.H. Robinson Worldwide during the 1st quarter valued at $10,997,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price target on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a research report on Monday, October 5th. Wall Street Zen raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research report on Wednesday. Sanford C. Bernstein restated a "market perform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 1st. Finally, Evercore set a $217.00 price objective on C.H. Robinson Worldwide in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average price target of $192.08.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded up $1.48 during trading hours on Wednesday, hitting $139.45. The stock had a trading volume of 1,918,687 shares, compared to its average volume of 1,975,656. The company has a 50 day simple moving average of $147.74 and a two-hundred day simple moving average of $168.37. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 1.16 and a beta of 0.94. 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, Inc. has a one year low of $125.35 and a one year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share 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 for the quarter, compared to analysts' expectations of $4.35 billion. During the same period in the prior year, the business earned $1.29 earnings per share. C.H. Robinson Worldwide's revenue for the quarter was up 19.3% compared to the same quarter last year. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.25 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. Stockholders of record on Friday, September 4th were paid 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 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 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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