Cravens & Co Advisors LLC Makes New $1.24 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Cravens & Co Advisors LLC acquired 8,397 shares of C.H. Robinson Worldwide worth approximately $1.24 million, making the stock its 28th-largest holding. 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 EPS of $1.61 exceeded consensus by $0.08.
• The stock recently traded near $139.49, down 3.0%, despite a quarterly dividend of $0.63 per share and a consensus analyst rating of “Moderate Buy” with an average price target of $190.

Cravens & Co Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,397 shares of the transportation company's stock, valued at approximately $1,242,000. C.H. Robinson Worldwide accounts for about 0.8% of Cravens & Co Advisors LLC's portfolio, making the stock its 28th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC bought a new stake in C.H. Robinson Worldwide in the second quarter valued at about $27,000. NBH Bank bought a new position in C.H. Robinson Worldwide during the second quarter worth about $29,000. Millstone Evans Group LLC lifted its stake in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after purchasing an additional 71 shares during the period. Burkett Financial Services LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth about $25,000. Finally, Cornerstone Planning Group LLC boosted its holdings in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after purchasing an additional 67 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Trading Down 3.0%

CHRW opened at $139.49 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $16.30 billion, a PE ratio of 26.62, a PEG ratio of 1.16 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. The firm has a 50-day moving average price of $147.20 and a two-hundred day moving average price of $167.85.

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

C.H. Robinson Worldwide Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CHRW shares. Raymond James Financial reiterated an "outperform" rating and issued a $170.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday. Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Truist Financial dropped their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, October 7th. UBS Group reiterated a "buy" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $190.00.

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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