C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by Foster Victor Wealth Advisors LLC

Key Points

• Foster Victor Wealth Advisors acquired 137,417 shares of C.H. Robinson Worldwide in the third quarter, worth approximately $20.3 million. The stake represents about 0.12% of CHRW and 0.9% of the firm’s portfolio.
• Institutional ownership remains high at 93.15%, with several other investment firms also initiating or increasing positions during the quarter.
• CHRW recently exceeded quarterly earnings expectations, reporting $1.61 in EPS and $4.93 billion in revenue, while analysts maintain a consensus “Moderate Buy” rating with a $190 target price. The company also pays a $0.63 quarterly dividend, yielding about 1.8%.

Foster Victor Wealth Advisors LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 137,417 shares of the transportation company's stock, valued at approximately $20,332,000. C.H. Robinson Worldwide accounts for approximately 0.9% of Foster Victor Wealth Advisors LLC's holdings, making the stock its 29th largest position. Foster Victor Wealth Advisors LLC owned about 0.12% of C.H. Robinson Worldwide as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vest Financial LLC boosted its holdings in shares of C.H. Robinson Worldwide by 1.4% in the third quarter. Vest Financial LLC now owns 268,199 shares of the transportation company's stock valued at $41,049,000 after purchasing an additional 3,777 shares during the period. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth $10,876,000. Sage Private Wealth Group LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth $200,000. TI Trust Inc. bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $823,000. Finally, Seamount Financial Group Inc. bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $173,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Up 0.3%

Shares of C.H. Robinson Worldwide stock opened at $140.95 on Thursday. The firm's 50 day moving average price is $146.81 and its 200-day moving average price is $167.31. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. The company has a market cap of $16.47 billion, a P/E ratio of 26.90, a PEG ratio of 1.17 and a beta of 0.94.

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 EPS 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 firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the business posted $1.29 EPS. C.H. Robinson Worldwide's revenue was up 19.3% on a year-over-year basis. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have weighed in on CHRW shares. Citizens Jmp began coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 target price for the company. Freedom Capital upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Citigroup restated a "market outperform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Finally, Robert W. Baird dropped their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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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