C.H. Robinson Worldwide, Inc. $CHRW Stock Acquired by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management increased its C.H. Robinson stake by 1,691.6% in the third quarter, owning 22,915 shares valued at approximately $3.39 million. Institutional investors collectively hold 93.15% of the company’s stock.
• CHRW shares opened at $137.97, down 1.3%, and remain well below their 12-month high of $210.33. The stock carries a consensus “Moderate Buy” rating with an average analyst price target of $192.08.
• C.H. Robinson beat quarterly earnings expectations with EPS of $1.61 versus the $1.53 consensus, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a quarterly dividend of $0.63 per share, representing a 1.8% yield.

NorthCrest Asset Manangement LLC increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1,691.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,915 shares of the transportation company's stock after purchasing an additional 21,636 shares during the period. NorthCrest Asset Manangement LLC's holdings in C.H. Robinson Worldwide were worth $3,391,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Value Investment Professionals LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $884,000. Avior Wealth Management LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $552,000. Baldwin Wealth Partners LLC MA purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $3,593,000. HF Advisory Group LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $2,686,000. Finally, Montz Harcus Wealth Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $256,000. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Down 1.3%

CHRW stock opened at $137.97 on Wednesday. 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 has a 50-day moving average of $147.74 and a two-hundred day moving average of $168.37. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The company has a market cap 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 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 analyst estimates 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 revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.29 earnings per share. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.25 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed 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 yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 48.09%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a research report on Thursday, October 8th. BMO Capital Markets increased their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a "market perform" rating in a research note on Monday, July 13th. Finally, Robert W. Baird decreased their price objective on C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $192.08.

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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