C.H. Robinson Worldwide, Inc. $CHRW Stake Increased by Corient Private Wealth LP

Key Points

• Corient Private Wealth increased its C.H. Robinson Worldwide stake by 28.8% in the second quarter, holding 42,906 shares valued at approximately $8.1 million. Institutional investors collectively own 93.15% of the company.
• Analysts remain generally positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $196.56, despite mixed target-price revisions.
• C.H. Robinson reported strong quarterly results, with earnings of $1.61 per share and revenue of $4.93 billion, up 19.3% year over year. The company also declared a quarterly dividend of $0.63 per share, representing a 1.6% annualized yield.

Corient Private Wealth LP boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 28.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,906 shares of the transportation company's stock after acquiring an additional 9,602 shares during the period. Corient Private Wealth LP's holdings in C.H. Robinson Worldwide were worth $8,081,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Argent Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $5,017,000. Amundi boosted its position in C.H. Robinson Worldwide by 24.7% during the 1st quarter. Amundi now owns 338,574 shares of the transportation company's stock valued at $56,227,000 after purchasing an additional 67,108 shares during the period. Empowered Funds LLC boosted its position in C.H. Robinson Worldwide by 469.4% during the 1st quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company's stock valued at $11,081,000 after purchasing an additional 55,005 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in C.H. Robinson Worldwide during the 1st quarter worth $10,997,000. Finally, Dimensional Fund Advisors LP grew its stake in C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock worth $181,810,000 after buying an additional 25,674 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on CHRW. Citigroup upgraded C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and cut their target price for the company from $196.00 to $185.00 in a research note on Tuesday, September 8th. Sanford C. Bernstein reduced their price objective on C.H. Robinson Worldwide from $153.00 to $151.00 and set a "market perform" rating for the company in a research report on Tuesday, August 11th. Raymond James Financial set a $192.00 price objective on C.H. Robinson Worldwide in a report on Thursday, July 30th. Stifel Nicolaus boosted their price target on C.H. Robinson Worldwide from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, BMO Capital Markets increased their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a "market perform" rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average price target of $196.56.

C.H. Robinson Worldwide Stock Up 0.2%

NASDAQ CHRW opened at $153.82 on Friday. 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 company's 50 day simple moving average is $161.79 and its 200 day simple moving average is $172.21. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The company has a market capitalization of $17.97 billion, a P/E ratio of 29.35, a PEG ratio of 1.30 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. During the same period last year, the firm posted $1.29 earnings per share. The firm's revenue for the quarter was up 19.3% compared to the same quarter last year. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.6%. 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 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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