C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Foster Group Inc.

Key Points

• Foster Group purchased 10,844 shares of C.H. Robinson Worldwide during the third quarter, valued at approximately $1.6 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $192.08, despite Deutsche Bank downgrading the stock to “Hold.”
• CHRW shares opened at $137.97, well below their 52-week high of $210.33. The company recently exceeded quarterly earnings and revenue estimates and pays an annualized dividend of $2.52 per share, yielding about 1.8%.

Foster Group Inc. bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,844 shares of the transportation company's stock, valued at approximately $1,604,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Burkett Financial Services LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $25,000. Millstone Evans Group LLC boosted its stake in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after purchasing an additional 71 shares during the period. Continuum Advisory LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter worth approximately $27,000. NBH Bank purchased a new position in shares of C.H. Robinson Worldwide in the second quarter worth $29,000. Finally, Cornerstone Planning Group LLC boosted its position in C.H. Robinson Worldwide by 57.3% during the 1st 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 period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CHRW shares. TD Cowen reaffirmed a "hold" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Bank of America restated a "buy" rating and issued a $203.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 target price on the stock. in a research note on Monday. Finally, Susquehanna lifted their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a report on Tuesday, July 14th. 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $192.08.

C.H. Robinson Worldwide Stock Down 1.3%

Shares of CHRW stock opened at $137.97 on Wednesday. The stock has a market cap of $16.12 billion, a P/E ratio of 26.33, a PEG ratio of 1.16 and a beta of 0.94. The company's fifty day simple moving average is $147.74 and its two-hundred day simple moving average is $168.37. 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 $123.64 and a 52 week high of $210.33.

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 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the business posted $1.29 earnings per share. The firm's revenue was up 19.3% on a year-over-year basis. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

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 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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