7,885 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Athena Wealth Management LLC

Key Points

• Athena Wealth Management bought 7,885 C.H. Robinson shares worth approximately $1.17 million, while institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion.
• The company pays a quarterly dividend of $0.63, equivalent to $2.52 annually and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $194.76, compared with the stock’s reported price of $143.29.

Athena Wealth Management LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,885 shares of the transportation company's stock, valued at approximately $1,167,000. C.H. Robinson Worldwide makes up approximately 0.8% of Athena Wealth Management LLC's portfolio, making the stock its 26th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new position in C.H. Robinson Worldwide during the 1st quarter valued at $579,922,000. Auto Owners Insurance Co lifted its position in shares of C.H. Robinson Worldwide by 15,976.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock worth $24,293,000 after purchasing an additional 1,501,744 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $172,626,000. Hamlin Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at about $123,176,000. Finally, Sei Investments Co. increased its position in shares of C.H. Robinson Worldwide by 532.7% during the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company's stock valued at $109,594,000 after buying an additional 555,631 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Up 1.4%

Shares of NASDAQ:CHRW traded up $1.95 during trading on Friday, reaching $143.29. 739,131 shares of the stock traded hands, compared to its average volume of 1,973,589. The stock has a market cap of $16.74 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a 50-day moving average of $148.33 and a two-hundred day moving average of $168.98. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results 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 firm 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 company's revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on CHRW. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday. Wall Street Zen lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Tuesday. Freedom Capital upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Stephens dropped their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Finally, Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $194.76.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.

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