C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Neumann Capital Management LLC

Key Points

• Neumann Capital Management acquired 18,440 C.H. Robinson shares in the third quarter, valued at approximately $2.7 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $191.20, despite some recent target-price reductions.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63 per share, representing a 1.8% yield.

Neumann Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 18,440 shares of the transportation company's stock, valued at approximately $2,728,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Continuum Advisory LLC acquired a new position in C.H. Robinson Worldwide during the 2nd quarter worth approximately $27,000. NBH Bank bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $29,000. Millstone Evans Group LLC grew its stake in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Burkett Financial Services LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $25,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 57.3% in the first 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 during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on CHRW shares. BMO Capital Markets increased their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Monday, July 13th. Truist Financial decreased their target price on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. JPMorgan Chase & Co. lowered their price target on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating on the stock in a research note on Monday, October 5th. TD Cowen reissued a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and an average price target of $191.20.

C.H. Robinson Worldwide Trading Up 3.1%

Shares of C.H. Robinson Worldwide stock opened at $143.82 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.35 and a 12-month high of $210.33. The stock has a market cap of $16.81 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.16 and a beta of 0.94. 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 business's 50 day moving average is $147.40 and its 200-day moving average is $168.05.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating 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 the consensus estimate of $4.35 billion. During the same quarter in the prior year, the firm posted $1.29 EPS. The firm's revenue for the quarter was up 19.3% compared to the same quarter last year. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share 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 given a dividend of $0.63 per share. 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 dividend payout ratio is 48.09%.

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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