Shayne & Jacobs LLC Purchases New Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Shayne & Jacobs LLC acquired 14,498 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $2.15 million. Institutional investors collectively own 93.15% of the company’s stock.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $190, despite several recent target reductions and one downgrade to “Hold.”
• C.H. Robinson reported quarterly revenue of $4.93 billion, up 19.3% year over year, and EPS of $1.61, beating estimates. The company also pays a quarterly dividend of $0.63 per share, representing a 1.8% annualized yield.

Shayne & Jacobs LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,498 shares of the transportation company's stock, valued at approximately $2,145,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter worth $25,000. Millstone Evans Group LLC lifted its stake in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after buying an additional 71 shares during the last quarter. Continuum Advisory LLC bought a new stake in C.H. Robinson Worldwide in the second quarter valued at $27,000. NBH Bank acquired a new position in shares of C.H. Robinson Worldwide during the second quarter valued at $29,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after acquiring an additional 67 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CHRW shares. Susquehanna upped their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. cut their price objective on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating on the stock in a research report on Monday, October 5th. Stephens reduced their target price on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft lowered shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 target price for the company. in a research note on Monday, October 12th. Finally, TD Cowen restated a "hold" rating 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 assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $190.00.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $140.95 on Thursday. The stock has a fifty day moving average price of $146.81 and a two-hundred day moving average price of $167.31. 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 $16.47 billion, a P/E ratio of 26.90, a PEG ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same period last year, the firm earned $1.29 EPS. The firm's revenue for the quarter was up 19.3% on a year-over-year basis. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

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 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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