Anchor Investment Management LLC Purchases Shares of 42,903 C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Anchor Investment Management acquired 42,903 shares of C.H. Robinson Worldwide worth approximately $7.76 million, while institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported stronger-than-expected quarterly results, with $1.61 in earnings per share and $4.93 billion in revenue; revenue rose 19.3% year over year.
• The company declared a quarterly dividend of $0.63 per share, representing a $2.52 annualized payout and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $196.56.

Anchor Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,903 shares of the transportation company's stock, valued at approximately $7,762,000.

A number of other large investors have also recently made changes to their positions in CHRW. Vestcor Inc increased its position in shares of C.H. Robinson Worldwide by 0.8% during the fourth quarter. Vestcor Inc now owns 6,403 shares of the transportation company's stock worth $1,029,000 after acquiring an additional 51 shares in the last quarter. Dogwood Wealth Management LLC increased its holdings in C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock worth $45,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after purchasing an additional 67 shares during the last quarter. Millstone Evans Group LLC raised its stake in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Finally, Root Financial Partners LLC lifted its holdings in shares of C.H. Robinson Worldwide by 8.7% in the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock valued at $155,000 after purchasing an additional 75 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded up $0.32 during mid-day trading on Tuesday, reaching $157.63. 1,253,121 shares of the company's stock were exchanged, compared to its average volume of 1,964,519. The firm has a 50-day moving average price of $163.96 and a two-hundred day moving average price of $172.77. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $18.42 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94. 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, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm's revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 48.09%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CHRW shares. Raymond James Financial set a $192.00 price target on C.H. Robinson Worldwide in a report on Thursday, July 30th. Wall Street Zen upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research note on Saturday. Truist Financial lifted their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Wednesday, July 15th. TD Cowen lowered their target price on shares of C.H. Robinson Worldwide from $155.00 to $152.00 and set a "hold" rating for the company in a report on Tuesday, July 28th. Finally, Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a "market perform" rating and a $235.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus price target of $196.56.

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 road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.

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