C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Walker Asset Management LLC

Key Points

• Walker Asset Management initiated a 7,518-share position in C.H. Robinson Worldwide valued at approximately $1.1 million, while several other institutions also added stakes. Institutional investors now own 93.15% of the company.
• C.H. Robinson shares were trading at $137.97, well below their 52-week high of $210.33. The company recently exceeded quarterly earnings and revenue expectations, reporting $1.61 in EPS and $4.93 billion in revenue.
• The company maintains a quarterly dividend of $0.63 per share, equivalent to a 1.8% yield. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $192.08.

Walker Asset Management LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,518 shares of the transportation company's stock, valued at approximately $1,112,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Affinity Capital Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $273,000. Mechanics Bank Trust Department purchased a new position in C.H. Robinson Worldwide in the third quarter worth $2,288,000. Spartan Planning & Wealth Management bought a new position in C.H. Robinson Worldwide in the third quarter valued at $405,000. Fagan Associates Inc. bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $321,000. Finally, Forvis Mazars Wealth Advisors LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth approximately $2,063,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 1.3%

Shares of NASDAQ:CHRW opened at $137.97 on Wednesday. The stock's 50-day simple moving average is $147.74 and its two-hundred day simple moving average is $168.37. 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 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 $16.12 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.16 and a beta of 0.94.

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 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 firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the company earned $1.29 earnings per share. The business's revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio is currently 48.09%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group reiterated a "buy" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Freedom Capital raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Truist Financial reduced their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, October 7th. Stephens reduced their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Finally, Susquehanna increased their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and an average target price of $192.08.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.