Private Wealth Partners LLC Purchases New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Private Wealth Partners LLC initiated a roughly $1.39 million position in C.H. Robinson Worldwide during the third quarter, while several other institutions also added stakes. Institutional investors now own 93.15% of the company.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $190, although BMO Capital Markets cut its target to $160 and maintained a market-perform rating.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a $0.63 quarterly dividend, equivalent to a 1.8% yield.

Private Wealth Partners LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 9,397 shares of the transportation company's stock, valued at approximately $1,390,000.

A number of other institutional investors have also made changes to their positions in the business. Vann Equity Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $641,000. CWS Financial Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $1,352,000. Argent Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $5,017,000. Cravens & Co Advisors LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $1,242,000. Finally, Birch Hill Investment Advisors LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $809,000. Institutional investors own 93.15% of the company's stock.

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Analyst Ratings Changes

Several research firms have issued reports on CHRW. Freedom Capital raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price objective for the company. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Jefferies Financial Group restated a "buy" rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, BMO Capital Markets dropped their target price on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a "market perform" rating on the stock in a report on Friday, October 16th. One equities 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. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Performance

CHRW traded down $1.14 during trading hours on Friday, reaching $141.17. The company's stock had a trading volume of 1,251,746 shares, compared to its average volume of 2,104,193. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.41 and a 52 week high of $210.33. The company's 50-day moving average is $146.52 and its 200-day moving average is $166.95. 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 cap of $16.50 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94.

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

C.H. Robinson Worldwide Announces Dividend

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

About C.H. Robinson Worldwide

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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