CoreCap Advisors LLC Purchases 55,606 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• CoreCap Advisors increased its C.H. Robinson stake by 520.4% in the third quarter, purchasing 55,606 additional shares and bringing its holdings to 66,292 shares valued at approximately $9.8 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The stock recently traded at $141.34, below its 52-week high of $210.33.
• The company paid a quarterly dividend of $0.63 per share, equivalent to a $2.52 annualized dividend and a 1.8% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $194.76.

CoreCap Advisors LLC boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 520.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,292 shares of the transportation company's stock after acquiring an additional 55,606 shares during the period. CoreCap Advisors LLC owned approximately 0.06% of C.H. Robinson Worldwide worth $9,809,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $579,922,000. Dimensional Fund Advisors LP raised its stake in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock valued at $181,810,000 after purchasing an additional 25,674 shares in the last quarter. Bank of America Corp DE raised its stake in shares of C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock valued at $175,304,000 after purchasing an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp bought a new position in C.H. Robinson Worldwide in the second quarter worth $172,626,000. Finally, Hamlin Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth $123,176,000. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $6.16 on Thursday, hitting $141.34. The company's stock had a trading volume of 2,455,506 shares, compared to its average volume of 1,980,095. The company has a market capitalization of $16.52 billion, a PE ratio of 26.97, a PEG ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The company has a 50 day moving average price of $148.44 and a 200 day moving average price of $169.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $4.35 billion. During the same period last year, the firm posted $1.29 EPS. The business's revenue was up 19.3% on a year-over-year basis. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.2 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Analyst Ratings Changes

CHRW has been the topic of several analyst reports. Raymond James Financial set a $192.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. UBS Group reaffirmed a "buy" rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Bank of America reissued a "buy" rating and issued a $203.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 1st. Finally, Wall Street Zen cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $194.76.

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 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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