Titan Investment Management LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Titan Investment Management acquired 9,387 shares of C.H. Robinson Worldwide worth approximately $1.39 million during the third quarter. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $190, despite recent targets ranging from $217 to $235.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a quarterly dividend of $0.63 per share, yielding about 1.8% annually.

Titan Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,387 shares of the transportation company's stock, valued at approximately $1,389,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth $579,922,000. Dimensional Fund Advisors LP lifted its stake in shares of C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock worth $181,810,000 after purchasing an additional 25,674 shares during the last quarter. Bank of America Corp DE boosted its position 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 purchasing an additional 127,103 shares in the last quarter. 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 purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $123,176,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHRW has been the subject of a number of recent research reports. Susquehanna boosted their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a report on Tuesday, July 14th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price objective on the stock. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Wall Street Zen raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Up 1.0%

Shares of CHRW stock opened at $142.31 on Friday. The stock's fifty day moving average price is $146.66 and its 200 day moving average price is $167.13. 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 market cap of $16.63 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. 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 results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm's revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business posted $1.29 earnings per share. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio is 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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