C.H. Robinson Worldwide, Inc. $CHRW Stock Acquired by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors increased its C.H. Robinson stake by 869.6% in the third quarter, holding 14,718 shares valued at approximately $2.18 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $192.08, although Deutsche Bank downgraded it to “Hold” with a $153 target.
• C.H. Robinson recently beat quarterly earnings and revenue estimates, reporting $1.61 in EPS and $4.93 billion in revenue. The company also declared a quarterly dividend of $0.63 per share, representing a 1.8% annualized yield.

Sax Wealth Advisors LLC boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 869.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,718 shares of the transportation company's stock after acquiring an additional 13,200 shares during the quarter. Sax Wealth Advisors LLC's holdings in C.H. Robinson Worldwide were worth $2,178,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. WCM Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $579,922,000. Dimensional Fund Advisors LP boosted its position in shares of 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 purchasing an additional 25,674 shares during the period. Bank of America Corp DE boosted its position in shares of C.H. Robinson Worldwide by 13.7% during the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock worth $175,304,000 after purchasing an additional 127,103 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $172,626,000. Finally, Hamlin Capital Management LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $123,176,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup restated a "market outperform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. TD Cowen reaffirmed a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft lowered shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 price target on the stock. in a research note on Monday. Stifel Nicolaus set a $209.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, October 8th. Finally, Truist Financial reduced their price target on shares of 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. One research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $192.08.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $137.97 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The firm has a market capitalization of $16.12 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The stock's 50-day simple moving average is $147.74 and its 200-day simple moving average is $168.37.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted 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 the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company's revenue was up 19.3% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.25 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders 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 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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