C.H. Robinson Worldwide, Inc. $CHRW Stock Acquired by AIA Group Ltd

Key Points

• AIA Group increased its C.H. Robinson stake by 75.2% in the third quarter, adding 23,300 shares to reach 54,300 shares valued at about $8.0 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.80 per share, above the $1.75 analyst consensus, while revenue rose 29.5% year over year to $5.36 billion.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $180.52; the stock opened at $133.51, below its 50- and 200-day moving averages.

AIA Group Ltd boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 75.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,300 shares of the transportation company's stock after purchasing an additional 23,300 shares during the quarter. AIA Group Ltd's holdings in C.H. Robinson Worldwide were worth $8,034,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide in the 1st quarter valued at $579,922,000. Dimensional Fund Advisors LP grew its position in C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock worth $181,810,000 after buying an additional 25,674 shares in the last quarter. Bank of America Corp DE grew its position in C.H. Robinson Worldwide by 13.7% during 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 buying an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp bought a new position in C.H. Robinson Worldwide in the 2nd quarter worth about $172,626,000. Finally, Hamlin Capital Management LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $123,176,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

CHRW opened at $133.51 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $15.48 billion, a P/E ratio of 23.97, a PEG ratio of 1.05 and a beta of 0.95. The stock has a 50-day moving average price of $144.83 and a 200-day moving average price of $169.15. C.H. Robinson Worldwide, Inc. has a 12-month low of $122.21 and a 12-month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The transportation company reported $1.80 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.05. C.H. Robinson Worldwide had a return on equity of 42.49% and a net margin of 3.67%. The company had revenue of $5.36 billion for the quarter, compared to analysts' expectations of $4.92 billion. During the same period last year, the firm posted $1.40 EPS. C.H. Robinson Worldwide's revenue for the quarter was up 29.5% compared to the same quarter last year. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.36 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm 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. 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 1.9%. C.H. Robinson Worldwide's dividend payout ratio is 45.24%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Truist Financial reaffirmed a "buy" rating and issued a $180.00 price target (down from $200.00) on shares of C.H. Robinson Worldwide in a report on Thursday, October 29th. Stifel Nicolaus cut their price objective on C.H. Robinson Worldwide from $209.00 to $198.00 and set a "buy" rating for the company in a report on Thursday, October 29th. BMO Capital Markets decreased their price objective on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a "market perform" rating on the stock in a research report on Friday, October 16th. Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $180.00 to $166.00 and set a "positive" rating on the stock in a research note on Monday. Finally, Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $180.52.

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 resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.

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