Stonebridge Financial Group LLC Buys 17,796 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Stonebridge Financial Group initiated a position of 17,796 C.H. Robinson shares valued at approximately $2.63 million during the third quarter. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding the $1.53 consensus estimate, while revenue rose 19.3% year over year to $4.93 billion.
• The company declared a quarterly dividend of $0.63 per share, equivalent to an annualized $2.52 payout and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $196.56.

Stonebridge Financial Group LLC bought a new position 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 & Exchange Commission. The fund bought 17,796 shares of the transportation company's stock, valued at approximately $2,633,000.

Several other large investors have also made changes to their positions in CHRW. QRG Capital Management Inc. increased its position in C.H. Robinson Worldwide by 9,753.7% in the second quarter. QRG Capital Management Inc. now owns 248,807 shares of the transportation company's stock worth $45,031,000 after purchasing an additional 246,282 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in C.H. Robinson Worldwide by 543.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 94,268 shares of the transportation company's stock valued at $17,177,000 after purchasing an additional 79,608 shares during the period. Andra AP fonden lifted its position in C.H. Robinson Worldwide by 48.8% during the 2nd quarter. Andra AP fonden now owns 67,102 shares of the transportation company's stock valued at $12,638,000 after purchasing an additional 22,020 shares during the period. Anchor Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $7,762,000. Finally, Smith Chas P & Associates PA Cpas bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $506,000. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Up 3.5%

Shares of CHRW stock traded up $5.18 on Thursday, reaching $153.14. The company had a trading volume of 1,487,912 shares, compared to its average volume of 1,930,729. The stock has a market cap of $17.89 billion, a PE ratio of 29.23, a PEG ratio of 1.27 and a beta of 0.94. The company has a 50-day moving average of $152.20 and a 200-day moving average of $170.12. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 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 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 net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 EPS. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 48.09%.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of recent research reports. Freedom Capital raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Evercore reaffirmed an "outperform" rating and issued a $237.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Janney Montgomery Scott set a $155.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Finally, Citigroup upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and dropped their target price for the company from $196.00 to $185.00 in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average target price of $196.56.

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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