RWC Asset Management LLP Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• RWC Asset Management LLP acquired 181,778 shares of C.H. Robinson Worldwide worth approximately $26.9 million, representing 1% of its portfolio and about 0.16% of the logistics company.
• Institutional investors own 93.15% of CHRW’s stock, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $190.
• CHRW recently traded at $141.17, down 0.8%, but reported quarterly EPS of $1.61 and revenue of $4.93 billion—beating estimates and marking 19.3% year-over-year revenue growth. The company also pays a quarterly dividend of $0.63 per share, yielding about 1.8% annually.

RWC Asset Management LLP acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 181,778 shares of the transportation company's stock, valued at approximately $26,896,000. C.H. Robinson Worldwide makes up 1.0% of RWC Asset Management LLP's portfolio, making the stock its 23rd biggest position. RWC Asset Management LLP owned about 0.16% of C.H. Robinson Worldwide at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at about $579,922,000. Dimensional Fund Advisors LP lifted its stake in shares of C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock valued at $181,810,000 after buying an additional 25,674 shares during the period. Bank of America Corp DE lifted its stake in shares of 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 valued at $175,304,000 after buying an additional 127,103 shares during the period. Bank of New York Mellon Corp acquired a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $172,626,000. Finally, Hamlin Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $123,176,000. Institutional investors and hedge funds own 93.15% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Bank of America reiterated a "buy" rating and issued a $203.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. TD Cowen reaffirmed a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Truist Financial dropped their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. Finally, Robert W. Baird reduced their target price on C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $190.00.

C.H. Robinson Worldwide Trading Down 0.8%

NASDAQ:CHRW traded down $1.14 on Friday, hitting $141.17. 1,251,746 shares of the stock were exchanged, compared to its average volume of 2,104,193. The stock has a market cap of $16.50 billion, a PE ratio of 26.94, a PEG ratio of 1.18 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average of $146.52 and a 200-day moving average of $166.95. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.41 and a fifty-two week 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 for the quarter, beating 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%. The company's revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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