Forvis Mazars Wealth Advisors LLC Acquires New Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Forvis Mazars Wealth Advisors acquired 13,942 shares of C.H. Robinson Worldwide worth approximately $2.06 million in the third quarter. Institutional investors and hedge funds collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $192.08, despite some recent target-price reductions.
• C.H. Robinson exceeded quarterly earnings expectations, reporting $1.61 in EPS and $4.93 billion in revenue, while revenue rose 19.3% year over year. The company also pays a quarterly dividend of $0.63 per share, yielding approximately 1.8%.

Forvis Mazars Wealth Advisors LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,942 shares of the transportation company's stock, valued at approximately $2,063,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Burkett Financial Services LLC acquired a new position in C.H. Robinson Worldwide in the third quarter worth approximately $25,000. Millstone Evans Group LLC increased its holdings 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 buying an additional 71 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $27,000. NBH Bank bought a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $29,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of 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 valued at $31,000 after acquiring an additional 67 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CHRW shares. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, July 30th. BMO Capital Markets boosted their target price on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a "market perform" rating in a research report on Monday, July 13th. Bank of America reaffirmed a "buy" rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. JPMorgan Chase & Co. reduced their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Finally, Stephens decreased their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $192.08.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $137.97 on Wednesday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The firm's 50 day simple moving average is $147.74 and its 200-day simple moving average is $168.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market cap of $16.12 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a dividend of $0.63 per share. 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 presently 48.09%.

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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