C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by Fee Only Financial Planning L.C.

Key Points

• Fee Only Financial Planning L.C. acquired 7,666 shares of C.H. Robinson Worldwide valued at approximately $1.13 million, while institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. Shares recently traded at $141.17, below their 12-month high of $210.33.
• The company pays a quarterly dividend of $0.63, equivalent to a 1.8% yield, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $190.

Fee Only Financial Planning L.C. acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,666 shares of the transportation company's stock, valued at approximately $1,134,000. C.H. Robinson Worldwide comprises about 0.6% of Fee Only Financial Planning L.C.'s holdings, making the stock its 17th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $579,922,000. Dimensional Fund Advisors LP grew its holdings in C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock worth $181,810,000 after purchasing an additional 25,674 shares during the last quarter. Bank of America Corp DE increased its position 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 purchasing an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of C.H. Robinson Worldwide during the second quarter worth $172,626,000. Finally, Hamlin Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $123,176,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $141.17 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.41 and a 12-month high of $210.33. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.17 and a beta of 0.94. The firm's 50 day simple moving average is $146.52 and its two-hundred day simple moving average is $166.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted 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. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. During the same quarter last year, the company posted $1.29 earnings per share. The business's quarterly revenue was up 19.3% on a year-over-year basis. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of recent analyst reports. Sanford C. Bernstein reissued a "market perform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. 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. Jefferies Financial Group reaffirmed a "buy" rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Finally, Freedom Capital upgraded 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 issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.00.

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 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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