C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by Euro Pacific Asset Management LLC

Key Points

• Euro Pacific Asset Management bought 45,653 C.H. Robinson shares in the third quarter, valued at approximately $6.76 million. Institutional investors and hedge funds own 93.15% of the company’s stock.
• Analysts give the stock a consensus “Moderate Buy” rating, with an average price target of $180.52.
• C.H. Robinson beat quarterly estimates, reporting earnings of $1.80 per share versus $1.75 expected and revenue of $5.36 billion versus $4.92 billion expected. Revenue rose 29.5% year over year.

Euro Pacific Asset Management LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,653 shares of the transportation company's stock, valued at approximately $6,755,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Burkett Financial Services LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $25,000. Continuum Advisory LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $27,000. NBH Bank bought a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $29,000. Reyes Financial Architecture Inc. bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of C.H. Robinson Worldwide by 57.3% during the first 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 last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several recent research reports. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Stifel Nicolaus lowered their price target on C.H. Robinson Worldwide from $209.00 to $198.00 and set a "buy" rating for the company in a research report on Thursday, October 29th. Jefferies Financial Group restated a "buy" rating and set a $180.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 29th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. Finally, UBS Group reduced their target price on shares of C.H. Robinson Worldwide from $230.00 to $204.00 and set a "buy" rating for the company in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $180.52.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $125.33 on Monday. The company has a market capitalization of $14.53 billion, a PE ratio of 22.50, a PEG ratio of 1.02 and a beta of 0.95. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.91. The stock's 50 day moving average price is $143.65 and its 200-day moving average price is $168.46. C.H. Robinson Worldwide, Inc. has a twelve month low of $122.21 and a twelve month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The transportation company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.05. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.92 billion. C.H. Robinson Worldwide had a return on equity of 42.49% and a net margin of 3.67%. C.H. Robinson Worldwide's revenue was up 29.5% on a year-over-year basis. During the same period last year, the business posted $1.40 earnings per share. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.36 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Friday, December 4th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, December 4th. C.H. Robinson Worldwide's dividend payout ratio is 45.96%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide is a third-party logistics provider that arranges freight transportation and supply chain services for businesses. Its offerings include truckload, less-than-truckload, intermodal, ocean and air freight, as well as customs brokerage and freight forwarding.

The company also provides managed transportation and logistics technology to help customers plan, coordinate and track shipments. It works with carriers and other transportation providers to move goods across domestic and international supply chains.

Founded in 1905 as a produce business, C.H.

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