Great Lakes Advisors LLC Takes $2.92 Million Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Great Lakes Advisors purchased 15,482 shares of C.H. Robinson Worldwide worth approximately $2.92 million, while institutional investors and hedge funds collectively own 93.15% of the company.
• Analysts maintain a generally bullish outlook, with a consensus rating of “Moderate Buy” and an average price target of $197, despite recent target adjustments.
• C.H. Robinson exceeded quarterly expectations with $1.61 in EPS and $4.93 billion in revenue, up 19.3% year over year; it also declared a quarterly dividend of $0.63 per share, yielding about 1.8% annually.

Great Lakes Advisors LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,482 shares of the transportation company's stock, valued at approximately $2,916,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Jackson Hole Trust purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $25,000. Millstone Evans Group LLC lifted its position in shares of 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 in the last quarter. DV Equities LLC acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at $30,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of C.H. Robinson Worldwide by 57.3% in the 1st 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 during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CHRW shares. Susquehanna lifted their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research report on Tuesday, July 14th. Stephens lowered their target price on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Finally, Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.00.

C.H. Robinson Worldwide Stock Down 0.5%

Shares of NASDAQ:CHRW opened at $143.83 on Friday. C.H. Robinson Worldwide, Inc. has a 1-year low of $120.65 and a 1-year high of $210.33. 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 stock has a market cap of $16.81 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.22 and a beta of 0.94. The firm has a fifty day moving average price of $176.67 and a 200 day moving average price of $177.51.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating 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 previous year, the business posted $1.29 earnings per share. C.H. Robinson Worldwide's quarterly revenue was up 19.3% on a year-over-year basis. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid 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 is Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio is 48.09%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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