Retirement Planning Co of New England Inc. Buys New Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Retirement Planning Co. of New England bought 12,540 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $1.855 million. Institutional investors and hedge funds collectively own 93.15% of the stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $191.20, despite several hold ratings.
• CHRW shares recently traded at $141.22, while the company reported quarterly EPS of $1.61 and revenue of $4.93 billion, beating estimates; it also pays a quarterly dividend of $0.63, yielding about 1.8% annually.

Retirement Planning Co of New England Inc. 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 Securities and Exchange Commission (SEC). The fund bought 12,540 shares of the transportation company's stock, valued at approximately $1,855,000.

A number of other large investors also recently modified their holdings of CHRW. Mystic Asset Management Inc. acquired a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $2,020,000. RDA Financial Network acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $263,000. Summit Financial Wealth Advisors LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $1,624,000. State of Alaska Department of Revenue raised its position in shares of C.H. Robinson Worldwide by 1,646.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 201,772 shares of the transportation company's stock valued at $29,854,000 after acquiring an additional 190,222 shares during the last quarter. Finally, Charles Schwab Trust Co bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $3,433,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein reissued a "market perform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 8th. Raymond James Financial reaffirmed an "outperform" rating and set a $170.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday. BMO Capital Markets lifted 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. Finally, TD Cowen reiterated a "hold" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and an average price target of $191.20.

C.H. Robinson Worldwide Stock Up 1.3%

CHRW stock traded up $1.77 during midday trading on Thursday, hitting $141.22. The company's stock had a trading volume of 568,976 shares, compared to its average volume of 1,968,414. 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 twelve month low of $125.35 and a twelve month high of $210.33. The company's fifty day moving average price is $147.45 and its 200 day moving average price is $168.17. The stock has a market capitalization of $16.50 billion, a P/E ratio of 26.91, a PEG ratio of 1.14 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. C.H. Robinson Worldwide's revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 earnings per share. As a group, equities research 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. Stockholders of record on Friday, September 4th were issued 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 dividend payout ratio is presently 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 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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