TD Waterhouse Canada Inc. Buys 57,767 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• TD Waterhouse Canada Inc. sharply increased its C.H. Robinson stake by buying 57,767 shares in the third quarter, bringing its holdings to 57,967 shares valued at approximately $8.6 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported stronger-than-expected quarterly results, with earnings of $1.61 per share and revenue of $4.93 billion, up 19.3% year over year. Analysts expect full-year EPS of approximately $6.26.
• The stock opened at $139.49, well below its 52-week high of $210.33, while the company maintains a quarterly dividend of $0.63 per share, yielding about 1.8%. Analysts hold a consensus “Moderate Buy” rating with a $190 price target.

TD Waterhouse Canada Inc. increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 28,883.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,967 shares of the transportation company's stock after buying an additional 57,767 shares during the period. TD Waterhouse Canada Inc.'s holdings in C.H. Robinson Worldwide were worth $8,577,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new position in C.H. Robinson Worldwide in the first quarter valued at approximately $579,922,000. Dimensional Fund Advisors LP increased its position in C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock worth $181,810,000 after buying an additional 25,674 shares during the last quarter. Bank of America Corp DE increased its position in C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock worth $175,304,000 after buying an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at $172,626,000. Finally, Hamlin Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at $123,176,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $139.49 on Monday. The company has a market cap of $16.30 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.16 and a beta of 0.94. The stock's fifty day moving average price is $147.20 and its two-hundred day moving average price is $167.89. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

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 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 analyst estimates of $4.35 billion. During the same period last year, the business earned $1.29 earnings per share. C.H. Robinson Worldwide's revenue was up 19.3% compared to the same quarter last year. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current 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 issued 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%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CHRW shares. BMO Capital Markets dropped their price target on C.H. Robinson Worldwide from $190.00 to $160.00 and set a "market perform" rating on the stock in a research report on Friday. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a report on Thursday, July 30th. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Evercore set a $217.00 price objective on C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Freedom Capital raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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 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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