C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Balefire LLC

Key Points

• Balefire LLC acquired 7,572 shares of C.H. Robinson Worldwide during the third quarter, valued at approximately $1.12 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, beating estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63, representing a 1.8% yield.
• Shares recently traded at $142.31, below the analyst consensus target of $194.76. Analysts maintain a “Moderate Buy” consensus, with most ratings at Buy or Strong Buy.

Balefire LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,572 shares of the transportation company's stock, valued at approximately $1,120,000.

Other institutional investors also recently modified their holdings of the company. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $579,922,000. Auto Owners Insurance Co raised its holdings in C.H. Robinson Worldwide by 15,976.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock worth $24,293,000 after purchasing an additional 1,501,744 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in C.H. Robinson Worldwide during the 2nd quarter valued at about $172,626,000. Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $123,176,000. Finally, Sei Investments Co. boosted its stake in shares of C.H. Robinson Worldwide by 532.7% in the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company's stock valued at $109,594,000 after purchasing an additional 555,631 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Trading Up 0.7%

NASDAQ CHRW traded up $0.97 during trading on Friday, reaching $142.31. 1,888,816 shares of the stock traded hands, compared to its average volume of 1,979,632. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. The stock's 50-day moving average price is $148.33 and its 200 day moving average price is $168.98.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share 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 company had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same period last year, the firm posted $1.29 earnings per share. The business's quarterly revenue was up 19.3% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.21 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis 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 presently 48.09%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Freedom Capital raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a report on Monday. Susquehanna increased their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. Finally, UBS Group restated a "buy" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $194.76.

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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