C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by 1834 Investment Advisors Co.

Key Points

• 1834 Investment Advisors purchased 14,968 shares of C.H. Robinson Worldwide valued at approximately $2.2 million, while institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates of $1.53, and revenue of $4.93 billion, up 19.3% year over year. The company also maintains a quarterly dividend of $0.63, representing a 1.8% annualized yield.
• Shares opened at $139.49, well below their 52-week high of $210.33. Analysts remain moderately bullish, with a consensus price target of $190 and ratings that include 16 Buys, seven Holds and one Sell.

1834 Investment Advisors Co. purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,968 shares of the transportation company's stock, valued at approximately $2,215,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $579,922,000. Auto Owners Insurance Co grew its position in shares of C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock worth $24,293,000 after buying an additional 1,501,744 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 worth $181,810,000 after buying an additional 25,674 shares during the period. Bank of America Corp DE increased its stake in shares of 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 worth $175,304,000 after buying an additional 127,103 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter worth approximately $172,626,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 3.0%

C.H. Robinson Worldwide stock opened at $139.49 on Friday. The company has a market capitalization of $16.30 billion, a P/E ratio of 26.62, a PEG ratio of 1.16 and a beta of 0.94. 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, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. The stock has a 50-day simple moving average of $147.20 and a 200-day simple moving average of $167.85.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group reiterated a "buy" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. BMO Capital Markets lowered their price target on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a "market perform" rating for the company in a report on Friday. Bank of America reissued a "buy" rating and issued a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Jefferies Financial Group restated a "buy" rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $190.00.

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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