HBW Advisory Services LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• HBW Advisory Services acquired 7,281 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $1.08 million. Institutional and hedge-fund investors own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $191.20, although Deutsche Bank downgraded the stock to “Hold.”
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63, equivalent to a 1.8% annual yield.

HBW Advisory Services LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,281 shares of the transportation company's stock, valued at approximately $1,077,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. KG Capital Management acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at $401,000. Nolet Wealth Management LLC purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $320,000. Howard Financial Services LTD. increased its position in C.H. Robinson Worldwide by 4.1% in the 3rd quarter. Howard Financial Services LTD. now owns 4,169 shares of the transportation company's stock worth $617,000 after purchasing an additional 165 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $1,312,000. Finally, Birchbrook Inc. acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $174,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHRW has been the subject of a number of recent research reports. Stephens cut 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 note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 price target for the company. in a research note on Monday. Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a research note on Thursday, October 8th. Raymond James Financial restated an "outperform" rating and issued a $170.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday. Finally, Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a "market perform" rating and a $235.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.20.

C.H. Robinson Worldwide Stock Up 3.1%

CHRW stock opened at $143.82 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. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The company has a fifty day simple moving average of $147.40 and a 200 day simple moving average of $168.05. The firm has a market cap of $16.81 billion, a PE ratio of 27.45, a PEG ratio of 1.16 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide's revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 earnings per share. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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