Crescent Grove Advisors LLC Makes New $760,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

Crescent Grove Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,137 shares of the transportation company’s stock, valued at approximately $760,000.

Other institutional investors have also recently made changes to their positions in the company. Shayne & Jacobs LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $2,145,000. Obermeyer Wealth Partners purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $479,000. Cardinal Point Capital Management ULC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $10,742,000. Foster Victor Wealth Advisors LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $20,332,000. Finally, Vest Financial LLC boosted its position in shares of C.H. Robinson Worldwide by 1.4% in the 3rd quarter. Vest Financial LLC now owns 268,199 shares of the transportation company’s stock worth $41,049,000 after purchasing an additional 3,777 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CHRW. Citizens Jmp began coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 target price on the stock. Weiss Ratings cut C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Citigroup reissued a “market outperform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Finally, Robert W. Baird dropped their price target on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $142.31 on Friday. The stock’s 50-day moving average is $146.66 and its two-hundred day moving average is $167.13. 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. 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) last released 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 business 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 business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 EPS. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is 48.09%.

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 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.