RKL Wealth Management LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• RKL Wealth Management acquired 14,546 shares of C.H. Robinson Worldwide worth approximately $2.15 million during the third quarter. Institutional investors and hedge funds collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $190, although some firms recently lowered their targets.
• CHRW shares fell 3.0% to $139.49, well below their 52-week high of $210.33. The company recently exceeded quarterly earnings and revenue expectations, reporting $1.61 EPS and $4.93 billion in revenue, while paying a quarterly dividend of $0.63.

RKL Wealth Management LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,546 shares of the transportation company's stock, valued at approximately $2,152,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $579,922,000. Auto Owners Insurance Co lifted its stake in shares of C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock worth $24,293,000 after buying an additional 1,501,744 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock worth $181,810,000 after buying an additional 25,674 shares in the last quarter. Bank of America Corp DE boosted its position in C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock worth $175,304,000 after acquiring an additional 127,103 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in C.H. Robinson Worldwide during the second quarter worth about $172,626,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CHRW shares. Robert W. Baird dropped their price objective 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. UBS Group reissued a "buy" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. BMO Capital Markets decreased 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 research note on Friday. Susquehanna boosted their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $190.00.

C.H. Robinson Worldwide Trading Down 3.0%

Shares of CHRW stock traded down $4.33 on Friday, hitting $139.49. 3,653,853 shares of the stock traded hands, compared to its average volume of 2,115,310. The firm's 50-day moving average price is $147.20 and its two-hundred day moving average price is $167.85. 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 stock has a market capitalization of $16.30 billion, a PE ratio of 26.62, a PEG ratio of 1.19 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33.

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 earnings per share (EPS) for the quarter, topping 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 period last year, the business earned $1.29 earnings per share. C.H. Robinson Worldwide's revenue was up 19.3% compared to the same quarter last year. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued 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 presently 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 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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