AdvisorNet Financial Inc Buys 26,093 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• AdvisorNet Financial significantly increased its C.H. Robinson stake, purchasing 26,093 additional shares in the third quarter—a 6,474.7% increase—to hold 26,496 shares valued at approximately $3.92 million.
• C.H. Robinson reported quarterly adjusted earnings of $1.61 per share and revenue of $4.93 billion, exceeding estimates; revenue rose 19.3% year over year.
• The stock has a “Moderate Buy” consensus rating with an average analyst price target of $191.20, compared with a reported share price of $143.82. The company also pays a $2.52 annualized dividend, yielding about 1.8%.

AdvisorNet Financial Inc increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 6,474.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,496 shares of the transportation company's stock after purchasing an additional 26,093 shares during the quarter. AdvisorNet Financial Inc's holdings in C.H. Robinson Worldwide were worth $3,920,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $579,922,000. Dimensional Fund Advisors LP boosted its stake in shares of C.H. Robinson Worldwide by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock valued at $181,810,000 after buying an additional 25,674 shares during the period. Bank of America Corp DE boosted its stake in shares of C.H. Robinson Worldwide by 13.7% in the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock valued at $175,304,000 after buying an additional 127,103 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $172,626,000. Finally, Hamlin Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $123,176,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $143.82 on Friday. The company has a fifty day moving average of $147.40 and a two-hundred day moving average of $168.05. The company has a market capitalization of $16.81 billion, a PE ratio of 27.45, a P/E/G ratio of 1.16 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 - Get Free Report) last posted 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 business had revenue of $4.93 billion for 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 revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 earnings per share. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. The ex-dividend date 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 currently 48.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Truist Financial reduced their price objective on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. JPMorgan Chase & Co. lowered their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. TD Cowen reissued a "hold" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Evercore set a $217.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Finally, Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.20.

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 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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