10,258 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by C2C Wealth Management LLC

Key Points

• C2C Wealth Management purchased 10,258 shares of C.H. Robinson Worldwide worth approximately $1.52 million, while institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share and revenue of $4.93 billion, exceeding analyst expectations; revenue increased 19.3% year over year. The company also pays a quarterly dividend of $0.63, yielding about 1.8% annually.
• CHRW shares recently traded at $140.57, well below their 12-month high of $210.33. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $190, though some firms recently lowered their targets or downgraded the stock.

C2C Wealth Management LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,258 shares of the transportation company's stock, valued at approximately $1,518,000. C.H. Robinson Worldwide accounts for approximately 1.1% of C2C Wealth Management LLC's holdings, making the stock its 22nd largest holding.

Several other institutional investors have also made changes to their positions in the stock. Vann Equity Management LLC acquired a new position in C.H. Robinson Worldwide during the third quarter worth about $641,000. CWS Financial Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $1,352,000. Argent Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $5,017,000. Cravens & Co Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $1,242,000. Finally, Birch Hill Investment Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $809,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $140.57 on Wednesday. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.15 and a beta of 0.94. The stock has a fifty day simple moving average of $146.92 and a 200 day simple moving average of $167.50. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate 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 net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 earnings per share. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on CHRW. JPMorgan Chase & Co. lowered their price objective on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a research report on Monday, October 5th. UBS Group restated a "buy" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft lowered shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 target price on the stock. in a research report on Monday, October 12th. Evercore set a $217.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Truist Financial lowered their price target on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, October 7th. One 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 given a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average price target of $190.00.

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.

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