Koa Wealth Management LLC Buys New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Koa Wealth Management acquired 16,983 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $2.5 million and representing 1.7% of its portfolio. Institutional investors 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, equal to a 1.8% yield.
• CHRW shares recently traded at $138.34, well below their 12-month high of $210.33. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $192.08.

Koa Wealth Management LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,983 shares of the transportation company's stock, valued at approximately $2,513,000. C.H. Robinson Worldwide makes up about 1.7% of Koa Wealth Management LLC's holdings, making the stock its 17th biggest position.

A number of other large investors have also recently bought and sold shares of CHRW. First Citizens Bank & Trust Co. increased its position in shares of C.H. Robinson Worldwide by 424.4% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 61,401 shares of the transportation company's stock worth $9,085,000 after purchasing an additional 49,692 shares in the last quarter. Fearless Solutions LLC dba Best Invest acquired a new position in C.H. Robinson Worldwide in the third quarter valued at about $173,000. Focus Financial Network Inc. grew its stake in C.H. Robinson Worldwide by 235.0% during the third quarter. Focus Financial Network Inc. now owns 7,490 shares of the transportation company's stock worth $1,108,000 after buying an additional 5,254 shares during the last quarter. Boyce & Associates Wealth Consulting Inc. bought a new stake in C.H. Robinson Worldwide during the third quarter worth about $228,000. Finally, Virginia Estate & Retirement Planning Advisors Inc. bought a new stake in C.H. Robinson Worldwide during the third quarter worth about $88,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded up $0.38 during mid-day trading on Wednesday, reaching $138.34. 579,417 shares of the company were exchanged, compared to its average volume of 1,968,572. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33. The company has a fifty day moving average of $147.74 and a 200 day moving average of $168.37. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a market cap of $16.17 billion, a PE ratio of 26.39, 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 data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. During the same quarter last year, the company posted $1.29 EPS. The company's quarterly revenue was up 19.3% compared to the same quarter last year. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on shares of 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. BMO Capital Markets boosted their target price on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Monday, July 13th. UBS Group restated a "buy" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Jefferies Financial Group reaffirmed a "buy" rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Evercore set a $217.00 price target on C.H. Robinson Worldwide in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.08.

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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