C.H. Robinson Worldwide, Inc. $CHRW Stock Purchased by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group increased its C.H. Robinson position by 865.6% in the third quarter, owning 11,375 shares worth approximately $1.68 million. Institutional investors collectively hold 93.15% of the company.
• Analyst sentiment remains positive but mixed, with MarketBeat reporting a “Moderate Buy” consensus and an average price target of $190, despite several recent target reductions.
• C.H. Robinson exceeded quarterly expectations with adjusted EPS of $1.61 and revenue of $4.93 billion, while maintaining a quarterly dividend of $0.63 per share, representing a 1.8% annualized yield.

CWA Asset Management Group LLC increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 865.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,375 shares of the transportation company's stock after purchasing an additional 10,197 shares during the period. CWA Asset Management Group LLC's holdings in C.H. Robinson Worldwide were worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CHRW. CFS Investment Advisory Services LLC raised its position in shares of C.H. Robinson Worldwide by 619.7% in the third quarter. CFS Investment Advisory Services LLC now owns 14,373 shares of the transportation company's stock valued at $2,127,000 after buying an additional 12,376 shares in the last quarter. San Luis Wealth Advisors LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $1,007,000. Warwick Investment Management Inc. acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $309,000. Retirement Planning Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $3,922,000. Finally, Secure Asset Management LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $2,191,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CHRW shares. BMO Capital Markets cut their price target on C.H. Robinson Worldwide from $190.00 to $160.00 and set a "market perform" rating on the stock in a research note on Friday, October 16th. Citizens Jmp assumed coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price objective for the company. Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a report on Wednesday, October 14th. Stifel Nicolaus set a $209.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, October 8th. Finally, Robert W. Baird reduced their target price on shares of 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 company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $190.00.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $140.95 on Thursday. The business has a 50-day moving average of $146.81 and a 200-day moving average of $167.31. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33.

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

C.H. Robinson Worldwide Announces Dividend

The company 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio is currently 48.09%.

C.H. Robinson Worldwide 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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