C.H. Robinson Worldwide, Inc. $CHRW Stock: Bahl & Gaynor LLC Lowers Holdings

Key Points

• Bahl & Gaynor cut its C.H. Robinson stake by 99.1% in the third quarter, selling 593,990 shares and retaining 5,516 shares valued at about $816,000.
• C.H. Robinson reported quarterly EPS of $1.80, beating estimates of $1.75, while revenue rose 29.5% year over year to $5.36 billion.
• The company declared a quarterly dividend of $0.63 per share, equivalent to an annualized yield of about 1.9%; analysts’ consensus rating was “Moderate Buy,” with a $180.52 average price target.

Bahl & Gaynor LLC reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 99.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,516 shares of the transportation company's stock after selling 593,990 shares during the quarter. Bahl & Gaynor LLC's holdings in C.H. Robinson Worldwide were worth $816,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Lido Advisors LLC boosted its stake in C.H. Robinson Worldwide by 9.6% in the 3rd quarter. Lido Advisors LLC now owns 13,093 shares of the transportation company's stock worth $1,937,000 after purchasing an additional 1,152 shares in the last quarter. Keybank National Association OH raised its holdings in shares of C.H. Robinson Worldwide by 2.8% in the third quarter. Keybank National Association OH now owns 3,426 shares of the transportation company's stock worth $507,000 after buying an additional 93 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 7.4% during the third quarter. New York Life Investment Management LLC now owns 33,899 shares of the transportation company's stock worth $5,016,000 after buying an additional 2,328 shares during the period. M&G PLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $14,003,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $404,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 0.5%

Shares of NASDAQ:CHRW opened at $134.39 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.91. C.H. Robinson Worldwide, Inc. has a 12-month low of $122.21 and a 12-month high of $210.33. The business has a 50 day moving average of $142.31 and a two-hundred day moving average of $167.53. The company has a market capitalization of $15.58 billion, a PE ratio of 24.13, a PEG ratio of 1.09 and a beta of 0.95.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 5th. Investors of record on Friday, December 4th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 45.24%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CHRW shares. Citigroup reduced their target price on C.H. Robinson Worldwide from $185.00 to $183.00 and set a "buy" rating for the company in a research note on Thursday, October 29th. Raymond James Financial set a $163.00 price target on C.H. Robinson Worldwide in a research note on Thursday, October 29th. Deutsche Bank lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 price objective on the stock. in a report on Monday, October 12th. BMO Capital Markets reduced their price objective on C.H. Robinson Worldwide from $190.00 to $160.00 and set a "market perform" rating for the company in a research note on Friday, October 16th. Finally, Bank of America reaffirmed a "buy" rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $180.52.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide is a third-party logistics provider that arranges freight transportation and supply chain services for businesses. Its offerings include truckload, less-than-truckload, intermodal, ocean and air freight, as well as customs brokerage and freight forwarding. The company also provides managed transportation and logistics technology to help customers plan, coordinate and track shipments. It works with carriers and other transportation providers to move goods across domestic and international supply chains.

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