C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by Iams Wealth Management LLC

Key Points

• Iams Wealth Management bought 8,609 C.H. Robinson shares worth approximately $1.27 million during the third quarter. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, exceeding the $1.53 consensus estimate, while revenue rose 19.3% year over year to $4.93 billion.
• The company pays a quarterly dividend of $0.63 per share, equal to a $2.52 annualized payout and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $191.20.

Iams Wealth Management 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 filing with the SEC. The institutional investor bought 8,609 shares of the transportation company's stock, valued at approximately $1,274,000.

A number of other institutional investors have also added to or reduced their stakes in CHRW. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $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. Dimensional Fund Advisors LP lifted its position 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 worth $181,810,000 after purchasing 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% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock valued at $175,304,000 after purchasing an additional 127,103 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $172,626,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $143.82 on Friday. 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. 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 company has a 50-day simple moving average of $147.40 and a two-hundred day simple moving average of $168.05. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one 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 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the firm posted $1.29 earnings per share. The company's quarterly revenue was up 19.3% on a year-over-year basis. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a dividend of $0.63 per share. 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 payout ratio is 48.09%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CHRW shares. Sanford C. Bernstein reissued a "market perform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. JPMorgan Chase & Co. lowered their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a report on Monday, October 5th. TD Cowen restated a "hold" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. UBS Group reaffirmed a "buy" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Truist Financial cut their price target on 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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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