Highland Financial Advisors LLC Acquires 11,092 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Highland Financial Advisors acquired 11,092 shares of C.H. Robinson Worldwide during the third quarter, valued at approximately $1.64 million. Institutional investors and hedge funds collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, 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, yielding about 1.8% annually.
• Shares recently traded down 0.5% to $138.85, below the analyst consensus price target of $190.00. Despite the decline, analysts maintain a “Moderate Buy” consensus, with 17 of 25 analysts rating the stock Buy or Strong Buy.

Highland Financial Advisors LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,092 shares of the transportation company's stock, valued at approximately $1,641,000.

Other hedge funds have also recently made changes to their positions in the company. Dogwood Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 37.8% during the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock worth $45,000 after acquiring an additional 65 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in 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 acquiring an additional 67 shares in the last quarter. Millstone Evans Group LLC lifted its position in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after acquiring an additional 71 shares in the last quarter. Root Financial Partners LLC lifted its position in C.H. Robinson Worldwide by 8.7% in the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock valued at $155,000 after acquiring an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC boosted its stake in C.H. Robinson Worldwide by 10.9% during the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company's stock valued at $139,000 after purchasing an additional 82 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Down 0.5%

C.H. Robinson Worldwide stock traded down $0.64 during trading hours on Monday, reaching $138.85. 1,228,658 shares of the company's stock traded hands, compared to its average volume of 1,978,217. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. The firm's 50 day moving average is $147.20 and its 200-day moving average is $167.89. 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 firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.16 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping 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 business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the firm posted $1.29 earnings per share. C.H. Robinson Worldwide's revenue for the quarter was up 19.3% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide's payout ratio is currently 48.09%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CHRW shares. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Citigroup reissued a "market outperform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Susquehanna raised their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. UBS Group reaffirmed a "buy" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Evercore set a $217.00 target price on C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $190.00.

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 resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.

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