C.H. Robinson Worldwide, Inc. $CHRW Stock Purchased by Mather Group LLC.

Key Points

• Mather Group LLC increased its C.H. Robinson Worldwide stake by 1,293.5% in the third quarter, bringing its holdings to 27,103 shares valued at approximately $4.01 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $191.20, despite some target reductions and hold ratings.
• C.H. Robinson reported quarterly earnings of $1.61 per share, above the $1.53 estimate, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63, representing a 1.8% annualized yield.

Mather Group LLC. lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1,293.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,103 shares of the transportation company's stock after buying an additional 25,158 shares during the period. Mather Group LLC.'s holdings in C.H. Robinson Worldwide were worth $4,010,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Dogwood Wealth Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock valued at $45,000 after acquiring an additional 65 shares during the last quarter. Cornerstone Planning Group LLC grew its position in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after acquiring an additional 67 shares during the last quarter. Millstone Evans Group LLC grew its position in C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Root Financial Partners LLC increased its stake in C.H. Robinson Worldwide by 8.7% in the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock worth $155,000 after purchasing an additional 75 shares during the period. Finally, Elevated Capital Advisors LLC increased its stake in C.H. Robinson Worldwide by 10.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company's stock worth $139,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BMO Capital Markets boosted 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 report on Monday, July 13th. Stifel Nicolaus set a $209.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 8th. JPMorgan Chase & Co. decreased their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating on the stock in a research note on Monday, October 5th. Citigroup reaffirmed a "market outperform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, TD Cowen reiterated a "hold" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $191.20.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $143.82 on Friday. 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 company has a market cap of $16.81 billion, a PE ratio of 27.45, a P/E/G ratio of 1.16 and a beta of 0.94. The business has a 50 day moving average of $147.40 and a 200 day moving average of $168.05. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share 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 net margin of 3.73% and a return on equity of 38.36%. The firm's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 earnings per share. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio is 48.09%.

About C.H. Robinson Worldwide

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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