C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by Alliance Wealth Advisors LLC

Key Points

• Alliance Wealth Advisors LLC initiated a position in C.H. Robinson Worldwide, purchasing 7,474 shares valued at approximately $1.1 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $192.08, despite several recent target-price reductions.
• C.H. Robinson exceeded quarterly earnings and revenue expectations, reporting $1.61 in EPS and $4.93 billion in revenue. The company also pays a quarterly dividend of $0.63 per share, representing a 1.8% annualized yield.

Alliance Wealth Advisors LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,474 shares of the transportation company's stock, valued at approximately $1,106,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Western Financial Corp CA bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $572,000. Finward Bancorp bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $355,000. Financial Planning Navigators CORP purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $175,000. Mezzasalma Advisors LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $370,000. Finally, Union Savings Bank bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $134,000. Institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on CHRW shares. TD Cowen restated a "hold" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Raymond James Financial set a $192.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Stephens reduced their price objective on 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. Robert W. Baird decreased their target price on C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a research report on Tuesday, July 28th. Finally, Truist Financial decreased their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus target price of $192.08.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $139.45 on Thursday. The firm has a market cap of $16.29 billion, a PE ratio of 26.61, a P/E/G ratio of 1.14 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a fifty day simple moving average of $147.45 and a two-hundred day simple moving average of $168.17. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.35 and a 1-year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released 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 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%. The company's revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 EPS. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio is 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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