Tanager Wealth Management LLP Makes New $1.86 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Tanager Wealth Management initiated a $1.86 million position in C.H. Robinson Worldwide by purchasing 12,544 shares during the third quarter. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion.
• The stock recently traded at $138.85, well below its 52-week high of $210.33. Analysts maintain a “Moderate Buy” consensus with an average price target of $190, and the company pays a quarterly dividend of $0.63 per share.

Tanager Wealth Management LLP acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,544 shares of the transportation company's stock, valued at approximately $1,856,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide in the 1st quarter worth $579,922,000. Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 25,674 shares during the period. Bank of America Corp DE boosted its holdings 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 valued at $175,304,000 after acquiring an additional 127,103 shares during the period. Bank of New York Mellon Corp bought a new stake in C.H. Robinson Worldwide during the second quarter valued at about $172,626,000. Finally, Hamlin Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $123,176,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded down $0.64 during mid-day trading on Monday, reaching $138.85. The company had a trading volume of 1,228,658 shares, compared to its average volume of 1,978,217. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.16 and a beta of 0.94. The company has a 50 day moving average of $147.20 and a 200-day moving average of $167.89. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted 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. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business's revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 EPS. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 48.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CHRW shares. Evercore set a $217.00 price objective on C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Jefferies Financial Group restated a "buy" rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Susquehanna raised their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and an average price target of $190.00.

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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