C.H. Robinson Worldwide, Inc. $CHRW Stock Bought by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group increased its C.H. Robinson position by 1,236.6% in the third quarter, bringing its holdings to 41,113 shares valued at approximately $6.1 million. Institutional investors and hedge funds collectively own 93.15% of CHRW.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $190, despite several recent target-price adjustments.
• C.H. Robinson exceeded quarterly expectations with $1.61 in EPS and $4.93 billion in revenue, while revenue rose 19.3% year over year. The company also pays a quarterly dividend of $0.63, representing a 1.8% annualized yield.

Citizens Financial Group Inc. RI increased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1,236.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,113 shares of the transportation company's stock after purchasing an additional 38,037 shares during the quarter. Citizens Financial Group Inc. RI's holdings in C.H. Robinson Worldwide were worth $6,083,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CHRW. Simplicity Wealth LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at about $3,180,000. NTV Asset Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $326,000. Sowell Financial Services LLC increased its position in shares of C.H. Robinson Worldwide by 723.1% during the third quarter. Sowell Financial Services LLC now owns 42,448 shares of the transportation company's stock worth $6,281,000 after purchasing an additional 37,291 shares in the last quarter. Ascent Wealth Partners LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $571,000. Finally, Ervin Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $963,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CHRW. Stephens lowered their target price on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a report on Thursday, July 30th. Susquehanna upped their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. lowered their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Finally, Freedom Capital upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.00.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $141.17 on Monday. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.41 and a 52 week high of $210.33. The firm has a 50 day moving average of $146.52 and a two-hundred day moving average of $166.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $16.50 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company's revenue was up 19.3% on a year-over-year basis. During the same period last year, the business earned $1.29 EPS. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. 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 currently 48.09%.

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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