C.H. Robinson Worldwide, Inc. $CHRW Stock Holdings Lifted by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management increased its C.H. Robinson stake by 67% in the third quarter, bringing its holdings to 47,858 shares valued at approximately $7.86 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates by $0.08, while revenue rose 19.3% year over year to $4.93 billion. Analysts expect full-year EPS of $6.26.
• The company maintains a quarterly dividend of $0.63, equivalent to $2.52 annually and a 1.8% yield. Analysts hold a consensus “Moderate Buy” rating with an average price target of $190, versus a recent share price of $140.95.

Axxcess Wealth Management LLC lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 67.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,858 shares of the transportation company's stock after purchasing an additional 19,199 shares during the period. Axxcess Wealth Management LLC's holdings in C.H. Robinson Worldwide were worth $7,863,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Burkett Financial Services LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $25,000. Millstone Evans Group LLC grew its stake in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after purchasing an additional 71 shares in the last quarter. Continuum Advisory LLC purchased a new position in C.H. Robinson Worldwide during the 2nd quarter worth $27,000. NBH Bank purchased a new position in C.H. Robinson Worldwide during the 2nd quarter worth $29,000. Finally, Cornerstone Planning Group LLC raised its position in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Up 0.3%

Shares of NASDAQ CHRW opened at $140.95 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. The stock has a market capitalization of $16.47 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1-year low of $125.35 and a 1-year high of $210.33. The business has a fifty day moving average price of $146.81 and a 200 day moving average price of $167.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 earnings per share. Equities 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. Stockholders of record on Friday, September 4th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide's payout ratio is presently 48.09%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Truist Financial lowered their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, October 7th. UBS Group reissued a "buy" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Susquehanna raised their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. Raymond James Financial restated an "outperform" rating and set a $170.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 15th. Finally, Stifel Nicolaus set a $209.00 price objective on C.H. Robinson Worldwide in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.00.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.

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