Woodward Diversified Capital LLC Purchases 8,070 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Woodward Diversified Capital initiated a position in C.H. Robinson Worldwide by purchasing 8,070 shares valued at approximately $1.19 million during the third quarter. Several other institutional investors also opened new positions, while institutions collectively own 93.15% of the stock.
• C.H. Robinson reported quarterly revenue of $4.93 billion, up 19.3% year over year and above analyst expectations, while earnings of $1.61 per share exceeded estimates of $1.53.
• The stock opened at $140.95, below its 50-day and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $190, and the company pays a quarterly dividend of $0.63 per share, yielding about 1.8%.

Woodward Diversified Capital LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,070 shares of the transportation company's stock, valued at approximately $1,194,000.

Other institutional investors also recently modified their holdings of the company. Lmcg Investments LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $1,208,000. Courage Miller Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at $222,000. Crescent Grove Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter worth $760,000. Shayne & Jacobs LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter worth $2,145,000. Finally, Obermeyer Wealth Partners purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at $479,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $140.95 on Thursday. The business's fifty day moving average price is $146.81 and its two-hundred day moving average price is $167.31. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of 26.90, 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 issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. During the same period last year, the business earned $1.29 earnings per share. The business's revenue was up 19.3% on a year-over-year basis. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared 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 annualized dividend 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 (DPR) is currently 48.09%.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a "buy" rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. TD Cowen restated a "hold" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Truist Financial lowered their price target on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. Bank of America reiterated a "buy" rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Susquehanna boosted their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and an average 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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