ETFs Are Buying C.H. Robinson (CHRW) on Friday
This article first appeared on GuruFocus.
ETF flows into C.H. Robinson Worldwide (CHRW) stretched to a fifth straight session, with net buying of $124.3 million in Friday’s session. Twenty-nine ETFs bought the stock while 17 sold it. The streak built gradually, from $1.0 million on Oct. 26 and $0.7 million on Oct. 27 to $7.7 million on Oct. 28 and $0.3 million on Oct. 29 before Friday’s larger move.
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See all ETF and guru trades in CHRW on its CHRW guru trades page.
Which ETFs bought CHRW on Friday?
The largest buyers by dollar value were SDY ($59.2 million), NOBL ($49.6 million) and KNG ($14.3 million). In all, 29 ETFs added shares and 17 cut them.
SDY led the buying with a $59.2 million increase in value, lifting its stake by 73.95% to 1,116,871 shares, or 0.63% of its portfolio. NOBL added $49.6 million and KNG $14.3 million, each raising its stake by 50.39%. Smaller additions came from SPY, IVV, RSP, IWF and IVE. C.H. Robinson sits in the Industrials sector, in Integrated Freight & Logistics, with a market cap of $14.9 billion.
Have ETFs been buying or selling CHRW lately?
Over the last 5 reported days, ETFs were net buyers on 5 and net sellers on 0, so the recent trend is mostly buying.
What does CHRW do?
C.H. Robinson Worldwide Inc. is a non-asset-based third-party logistics provider headquartered in Eden Prairie, Minnesota. The company arranges freight transportation for shippers through a network of contracted carriers, primarily serving truckload and less-than-truckload markets in North America, with additional operations in Europe, Asia, and South America.
C.H. Robinson reported trailing-12-month revenue of $18.22 billion, up 11.8% over one year, with a gross margin of 8.1% and a net margin of 3.7%. The stock trades at a P/E of 23.11, P/B of 9.45 and P/S of 0.85. Its GF Score is 78, and the GF Value of $110.55 compares with a price of $128.71. The dividend yield is 1.9%, and the shares are down 19.04% year to date.