Community Trust & Investment Co. Acquires New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Community Trust & Investment Co. acquired 22,822 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $3.38 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly revenue of $4.93 billion, up 19.3% year over year and above estimates, while adjusted earnings of $1.61 per share exceeded consensus by $0.08.
• The company pays a quarterly dividend of $0.63 per share, equivalent to a $2.52 annualized dividend and 1.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $191.20.

Community Trust & Investment Co. acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,822 shares of the transportation company's stock, valued at approximately $3,377,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHRW. Burkett Financial Services LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $25,000. Millstone Evans Group LLC raised its stake in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Continuum Advisory LLC acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $27,000. NBH Bank bought a new position in C.H. Robinson Worldwide in the 2nd quarter valued at $29,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after buying an additional 67 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Trading Up 3.1%

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 business's 50 day moving average is $147.40 and its 200-day moving average is $168.05. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.35 and a 12-month high of $210.33. The stock has a market cap of $16.81 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.16 and a beta of 0.94.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 48.09%.

Analyst Ratings Changes

Several analysts have recently commented on CHRW shares. Truist Financial decreased their price target on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, October 7th. JPMorgan Chase & Co. cut their price target on 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. BMO Capital Markets upped their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Monday, July 13th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Susquehanna boosted their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and an average target price of $191.20.

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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