C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors LLC purchased 58,639 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $8.7 million. Institutional investors collectively own 93.15% of the company.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $191.20, despite some rating changes and a recent Weiss Ratings downgrade to “hold.”
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a quarterly dividend of $0.63 per share, producing a 1.8% annual yield.

Turtle Creek Wealth Advisors LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 58,639 shares of the transportation company's stock, valued at approximately $8,676,000. Turtle Creek Wealth Advisors LLC owned about 0.05% of C.H. Robinson Worldwide as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHRW. WCM Investment Management LLC purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth approximately $579,922,000. Dimensional Fund Advisors LP raised its stake in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock worth $181,810,000 after purchasing an additional 25,674 shares during the last quarter. Bank of America Corp DE raised its stake in shares of C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock worth $175,304,000 after purchasing an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at $172,626,000. Finally, Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter valued at $123,176,000. Institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of several research analyst reports. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Raymond James Financial reiterated an "outperform" rating and issued a $170.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 1st. UBS Group reiterated a "buy" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, BMO Capital Markets increased their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Monday, July 13th. 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $191.20.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded up $1.64 during trading on Thursday, hitting $141.09. The company's stock had a trading volume of 523,777 shares, compared to its average volume of 1,968,072. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.14 and a beta of 0.94. The company has a 50-day moving average of $147.45 and a 200-day moving average of $168.17. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm's revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 earnings per share. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 annualized dividend 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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