Wealth Science Advisors LLC Buys 9,683 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Wealth Science Advisors LLC acquired 9,683 shares of C.H. Robinson Worldwide worth approximately $1.43 million, while institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding estimates of $1.53, as revenue increased 19.3% year over year to $4.93 billion.
• The company pays a quarterly dividend of $0.63 per share, equivalent to an annualized $2.52 and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $194.76.

Wealth Science Advisors LLC acquired 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 filing with the Securities & Exchange Commission. The institutional investor acquired 9,683 shares of the transportation company's stock, valued at approximately $1,433,000. C.H. Robinson Worldwide accounts for about 0.6% of Wealth Science Advisors LLC's portfolio, making the stock its 25th largest holding.

Several other hedge funds have also modified their holdings of CHRW. Continuum Advisory LLC acquired a new position in C.H. Robinson Worldwide in the 2nd quarter worth about $27,000. NBH Bank acquired a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $29,000. Millstone Evans Group LLC grew its holdings in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after purchasing an additional 71 shares during the period. Burkett Financial Services LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $25,000. Finally, Cornerstone Planning Group LLC increased its position in shares of C.H. Robinson Worldwide by 57.3% in the first 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. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $142.31 on Friday. The company's 50-day moving average is $148.22 and its two-hundred day moving average is $168.79. C.H. Robinson Worldwide, Inc. has a 1-year low of $123.64 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. The firm has a market capitalization of $16.63 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.18 and a beta of 0.94.

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 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. During the same period in the prior year, the business posted $1.29 EPS. The company's revenue was up 19.3% compared to the same quarter last year. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.21 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders 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 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio is 48.09%.

Analyst Ratings Changes

Several research firms have issued reports on CHRW. BMO Capital Markets increased their price objective on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Monday, July 13th. Robert W. Baird decreased their price target on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 28th. Citizens Jmp began coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price objective on the stock. UBS Group reiterated a "buy" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. Finally, Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $194.76.

About C.H. Robinson Worldwide

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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