SteelPeak Wealth LLC Buys New Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• SteelPeak Wealth initiated a position in C.H. Robinson Worldwide during the third quarter, purchasing 25,082 shares valued at approximately $3.7 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, surpassing estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. Analysts project full-year EPS of $6.26.
• The stock recently traded at $139.49, down 3%, while the company maintains a quarterly dividend of $0.63 per share, or a 1.8% annualized yield. Analysts’ consensus rating remains “Moderate Buy,” with an average price target of $190.

SteelPeak Wealth LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 25,082 shares of the transportation company's stock, valued at approximately $3,711,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dogwood Wealth Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock worth $45,000 after buying an additional 65 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after buying an additional 67 shares in the last quarter. Millstone Evans Group LLC lifted its holdings in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of C.H. Robinson Worldwide by 8.7% during the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock worth $155,000 after acquiring an additional 75 shares during the last quarter. Finally, Elevated Capital Advisors LLC grew its position in C.H. Robinson Worldwide by 10.9% in the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company's stock worth $139,000 after acquiring an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 3.0%

CHRW stock opened at $139.49 on Friday. The company has a market capitalization of $16.30 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. The company's 50 day moving average price is $147.20 and its two-hundred day moving average price is $167.85.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The firm's revenue was up 19.3% on a year-over-year basis. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on CHRW. Sanford C. Bernstein reissued a "market perform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Stephens dropped their price target on 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. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a report on Thursday, July 30th. Evercore set a $217.00 price objective on C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, UBS Group reiterated a "buy" 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 given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $190.00.

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 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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