Howard Capital Management Group LLC Purchases 29,274 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Howard Capital Management Group acquired 29,274 C.H. Robinson shares worth approximately $4.33 million during the third quarter. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson shares fell 3.0% to $139.49, below their 50-day and 200-day moving averages, while trading within a 12-month range of $125.35 to $210.33.
• The company exceeded quarterly earnings and revenue expectations, reporting $1.61 in EPS and $4.93 billion in revenue. Analysts maintain a “Moderate Buy” consensus rating with a $190 average price target, and the company pays a $2.52 annual dividend yielding 1.8%.

Howard Capital Management Group LLC purchased a new position 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 institutional investor purchased 29,274 shares of the transportation company's stock, valued at approximately $4,331,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Intergy Private Wealth LLC purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $422,000. Berman McAleer LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $441,000. RKL Wealth Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $2,152,000. Hengehold Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $298,000. Finally, McKinley Carter Wealth Services Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $320,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 3.0%

NASDAQ CHRW traded down $4.33 during trading on Friday, hitting $139.49. 3,653,853 shares of the company traded hands, compared to its average volume of 2,115,310. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33. The business has a fifty day simple moving average of $147.20 and a 200 day simple moving average of $167.85. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $16.30 billion, a P/E ratio of 26.62, a PEG ratio of 1.19 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced 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. The company had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 earnings per share. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 48.09%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CHRW shares. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a "buy" rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Citigroup reiterated a "market outperform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Wall Street Zen raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research report on Wednesday. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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 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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