Investors Asset Management of Georgia Inc. GA ADV Acquires 14,739 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Investors Asset Management of Georgia acquired 14,739 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $2.18 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $190, versus a recent price of $140.43.
• 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 declared a quarterly dividend of $0.63, equivalent to a 1.8% annualized yield.

Investors Asset Management of Georgia Inc. GA ADV bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 14,739 shares of the transportation company's stock, valued at approximately $2,181,000.

Other large investors have also recently modified their holdings of the company. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the first quarter valued at about $579,922,000. Bank of New York Mellon Corp bought a new position in C.H. Robinson Worldwide in the second quarter worth about $172,626,000. Hamlin Capital Management LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter worth about $123,176,000. Vontobel Holding Ltd. lifted its holdings in C.H. Robinson Worldwide by 47,894.2% in the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company's stock worth $122,993,000 after buying an additional 829,527 shares during the period. Finally, Sei Investments Co. lifted its holdings in C.H. Robinson Worldwide by 532.7% in the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company's stock worth $109,594,000 after buying an additional 555,631 shares during the period. Institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CHRW shares. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a report on Tuesday, July 28th. TD Cowen reissued a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Freedom Capital upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Weiss Ratings cut C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 1st. Finally, Susquehanna lifted their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a research report on Tuesday, July 14th. One equities 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Up 1.1%

CHRW stock traded up $1.58 on Tuesday, reaching $140.43. 470,226 shares of the company traded hands, compared to its average volume of 1,970,609. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one 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 company has a market cap of $16.41 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The firm has a fifty day simple moving average of $147.01 and a 200-day simple moving average of $167.70.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the company posted $1.29 earnings per share. The company's revenue for the quarter was up 19.3% compared to the same quarter last year. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend 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%.

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 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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