C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Valeo Financial Advisors LLC

Key Points

• Valeo Financial Advisors acquired 34,235 shares of C.H. Robinson Worldwide during the third quarter, valued at approximately $5.1 million. Institutional investors collectively own 93.15% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $194.76, despite one recent downgrade to “Hold.”
• 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, yielding about 1.8% annually.

Valeo Financial Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 34,235 shares of the transportation company's stock, valued at approximately $5,065,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Continuum Advisory LLC bought a new stake in C.H. Robinson Worldwide during the second quarter valued at $27,000. NBH Bank bought a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $29,000. Millstone Evans Group LLC boosted its position in 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 valued at $27,000 after buying an additional 71 shares during the period. Burkett Financial Services LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth $25,000. Finally, Cornerstone Planning Group LLC increased its position 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 acquiring 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 brokerages have recently weighed in on CHRW. Citigroup reiterated a "market outperform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Robert W. Baird lowered their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Bank of America reissued a "buy" rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $194.76.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded up $4.27 during trading hours on Thursday, reaching $139.45. The company had a trading volume of 832,664 shares, compared to its average volume of 1,971,266. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $123.64 and a 52 week high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm's 50 day moving average price is $148.44 and its 200-day moving average price is $169.17.

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 earnings per share (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 the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The business's quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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