C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Acquired by Strategy Asset Managers LLC

Key Points

• Strategy Asset Managers LLC acquired 45,152 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $6.7 million. Institutional investors and hedge funds collectively own 93.15% of the company.
• Analysts maintain a generally positive view, with the stock receiving a consensus “Moderate Buy” rating and an average price target of $192.08, despite several recent target-price cuts.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63, or $2.52 annually, yielding about 1.8%.

Strategy Asset Managers LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 45,152 shares of the transportation company's stock, valued at approximately $6,681,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Newton One Investments LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $129,000. Godsey & Gibb Inc. purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $529,000. Alliance Wealth Advisors LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $1,106,000. Western Financial Corp CA purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $572,000. Finally, Finward Bancorp acquired a new position in C.H. Robinson Worldwide during the third quarter worth $355,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Truist Financial decreased their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, October 7th. Freedom Capital upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Evercore set a $217.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, October 6th. JPMorgan Chase & Co. decreased their price objective on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating on the stock in a research report on Monday, October 5th. Finally, Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and a consensus target price of $192.08.

C.H. Robinson Worldwide Trading Up 1.1%

Shares of C.H. Robinson Worldwide stock opened at $139.45 on Thursday. 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, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The company has a market capitalization of $16.29 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.14 and a beta of 0.94. The business has a 50 day moving average price of $147.45 and a 200 day moving average price of $168.17.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The firm 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%. C.H. Robinson Worldwide's quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

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 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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