Doliver Advisors LP Purchases 18,004 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Doliver Advisors LP acquired 18,004 shares of C.H. Robinson Worldwide worth approximately $2.66 million, while other institutional investors also increased their positions. Institutions collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $196.56.
• C.H. Robinson reported quarterly earnings of $1.61 per share, surpassing estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also declared a quarterly dividend of $0.63 per share, representing a 1.6% yield.

Doliver Advisors LP 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 (SEC). The fund acquired 18,004 shares of the transportation company's stock, valued at approximately $2,664,000. C.H. Robinson Worldwide accounts for about 0.6% of Doliver Advisors LP's investment portfolio, making the stock its 25th largest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth about $2,633,000. QRG Capital Management Inc. grew its position in shares of C.H. Robinson Worldwide by 9,753.7% during the 2nd quarter. QRG Capital Management Inc. now owns 248,807 shares of the transportation company's stock worth $45,031,000 after buying an additional 246,282 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of C.H. Robinson Worldwide by 543.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 94,268 shares of the transportation company's stock valued at $17,177,000 after acquiring an additional 79,608 shares during the last quarter. Andra AP fonden increased its stake in shares of C.H. Robinson Worldwide by 48.8% in the 2nd quarter. Andra AP fonden now owns 67,102 shares of the transportation company's stock valued at $12,638,000 after acquiring an additional 22,020 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $7,762,000. Institutional investors own 93.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of 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. Sanford C. Bernstein cut their target price on shares of C.H. Robinson Worldwide from $153.00 to $151.00 and set a "market perform" rating on the stock in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Stifel Nicolaus boosted their price target on shares of C.H. Robinson Worldwide from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Susquehanna upped their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $196.56.

C.H. Robinson Worldwide Stock Up 3.5%

NASDAQ CHRW traded up $5.18 during trading hours on Thursday, reaching $153.14. 1,487,912 shares of the company's stock were exchanged, compared to its average volume of 1,930,729. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $17.89 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94. The company's 50-day moving average is $152.20 and its two-hundred day moving average is $170.12. C.H. Robinson Worldwide, Inc. has a one year low of $123.64 and a one year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced 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. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business's revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 earnings per share. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide's payout ratio is currently 48.09%.

C.H. Robinson Worldwide Company 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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