Krilogy Financial LLC Makes New $5.69 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Krilogy Financial purchased 38,460 shares of C.H. Robinson Worldwide in the third quarter, representing a new investment valued at approximately $5.69 million. Institutional investors and hedge funds collectively own 93.15% of the company.
• C.H. Robinson reported strong quarterly results, with earnings of $1.61 per share and revenue of $4.93 billion, surpassing analyst estimates; revenue increased 19.3% year over year.
• The stock was trading near $137.97, below its moving averages, while analysts maintained an overall “Moderate Buy” rating with an average price target of $192.08. The company also pays a quarterly dividend of $0.63 per share, yielding about 1.8%.

Krilogy Financial LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 38,460 shares of the transportation company's stock, valued at approximately $5,691,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dogwood Wealth Management LLC boosted 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 buying an additional 65 shares during the period. Cornerstone Planning Group LLC grew its holdings in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after acquiring an additional 67 shares in the last quarter. Millstone Evans Group LLC increased its position in shares of 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 purchasing an additional 71 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock worth $155,000 after purchasing an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC increased its holdings in C.H. Robinson Worldwide by 10.9% in the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company's stock valued at $139,000 after buying an additional 82 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Down 1.3%

Shares of CHRW opened at $137.97 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. C.H. Robinson Worldwide, Inc. has a 1-year low of $123.64 and a 1-year high of $210.33. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The firm has a 50 day simple moving average of $147.74 and a 200-day simple moving average of $168.37.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating 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 prior year, the business earned $1.29 earnings per share. The business's revenue was up 19.3% on a year-over-year basis. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on CHRW. TD Cowen restated a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Stephens decreased their price objective on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. BMO Capital Markets increased their price target 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. Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $192.08.

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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