HF Advisory Group LLC Buys 18,154 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• HF Advisory Group acquired 18,154 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $2.686 million. Institutional investors and hedge funds collectively own 93.15% of the company.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $194.76, despite several firms recently lowering their targets.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a quarterly dividend of $0.63 per share, representing an annualized yield of about 1.8%.

HF Advisory Group LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,154 shares of the transportation company's stock, valued at approximately $2,686,000.

Other large investors have also recently bought and sold shares of the company. WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth about $579,922,000. Auto Owners Insurance Co lifted its position in shares of C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock worth $24,293,000 after purchasing an additional 1,501,744 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock worth $181,810,000 after purchasing an additional 25,674 shares during the period. Bank of America Corp DE boosted its holdings in shares of C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock worth $175,304,000 after purchasing an additional 127,103 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in C.H. Robinson Worldwide during the second quarter valued at approximately $172,626,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHRW. TD Cowen reiterated a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. JPMorgan Chase & Co. dropped their price target on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating on the stock in a research note on Monday, October 5th. Freedom Capital raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Finally, Robert W. Baird cut their price target on C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $194.76.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $142.31 on Friday. The company has a market cap of $16.63 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. The stock has a 50-day moving average of $148.22 and a 200-day moving average of $168.79. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week high of $210.33. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The company 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 company's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 earnings per share. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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