C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Journey Retirement Planning & Investment Management LLC

Key Points

• Journey Retirement Planning & Investment Management purchased 7,701 C.H. Robinson shares worth approximately $1.14 million in the third quarter. Institutional investors and hedge funds collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates by $0.08, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63 per share, equivalent to a 1.8% yield.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $194.76, compared with a recent share price of $142.49.

Journey Retirement Planning & Investment Management LLC bought 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 disclosure with the Securities & Exchange Commission. The fund bought 7,701 shares of the transportation company's stock, valued at approximately $1,139,000.

Several other institutional investors also recently modified their holdings of the company. Dogwood Wealth Management LLC lifted its stake in C.H. Robinson Worldwide by 37.8% during the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock worth $45,000 after purchasing an additional 65 shares during the period. Cornerstone Planning Group LLC boosted its stake in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after purchasing an additional 67 shares in the last quarter. Millstone Evans Group LLC grew its holdings in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock worth $155,000 after buying an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 10.9% in the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company's stock valued at $139,000 after buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded up $1.15 during mid-day trading on Friday, hitting $142.49. 731,722 shares of the stock were exchanged, compared to its average volume of 1,973,357. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. The firm's 50-day simple moving average is $148.33 and its 200 day simple moving average is $168.98. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 EPS. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.21 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup reissued a "market outperform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. Stifel Nicolaus set a $209.00 target price on C.H. Robinson Worldwide in a report on Thursday. Jefferies Financial Group reiterated a "buy" rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday. Bank of America reiterated a "buy" rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday. Finally, Stephens reduced their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $194.76.

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 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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