78,183 C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services LLC increased its C.H. Robinson stake by 4,439.7% in the third quarter, buying 78,183 additional shares to own 79,944 shares valued at approximately $11.8 million. Institutional investors collectively hold 93.15% of the company.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $190, although several firms recently reduced their targets.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63 per share, representing a 1.8% yield.

Diversify Advisory Services LLC increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 4,439.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,944 shares of the transportation company's stock after buying an additional 78,183 shares during the quarter. Diversify Advisory Services LLC owned about 0.07% of C.H. Robinson Worldwide worth $11,829,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. WCM Investment Management LLC purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth approximately $579,922,000. Dimensional Fund Advisors LP raised its stake in shares of C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock valued at $181,810,000 after purchasing an additional 25,674 shares during the period. Bank of America Corp DE raised its stake in shares of C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock valued at $175,304,000 after purchasing an additional 127,103 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $172,626,000. Finally, Hamlin Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $123,176,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CHRW shares. Truist Financial decreased their target price on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. Stephens lowered their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Susquehanna lifted their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research note on Tuesday, July 14th. TD Cowen reiterated a "hold" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Citigroup reiterated a "market outperform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $190.00.

C.H. Robinson Worldwide Stock Up 1.2%

Shares of C.H. Robinson Worldwide stock opened at $140.57 on Wednesday. The business has a 50-day moving average price of $146.92 and a 200 day moving average price of $167.50. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. The firm has a market cap of $16.43 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.15 and a beta of 0.94. 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 (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. C.H. Robinson Worldwide's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share 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 given 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 of this dividend was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio is currently 48.09%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.