C.H. Robinson Worldwide, Inc. $CHRW Stock Position Boosted by Avidian Wealth Enterprises LLC

Key Points

• Avidian Wealth Enterprises increased its C.H. Robinson Worldwide position by 634.9% in the third quarter, bringing its holdings to 28,463 shares valued at approximately $4.21 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $194.76, despite JPMorgan lowering its target to $198.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a quarterly dividend of $0.63, representing an annualized yield of 1.8%.

Avidian Wealth Enterprises LLC boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 634.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,463 shares of the transportation company's stock after purchasing an additional 24,590 shares during the quarter. Avidian Wealth Enterprises LLC's holdings in C.H. Robinson Worldwide were worth $4,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHRW. Valeo Financial Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $5,065,000. Veracity Capital LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth $654,000. Vista Investment Partners LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at about $1,199,000. Quintet Private Bank Europe S.A. acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at about $36,000. Finally, Kaydan Wealth Management Inc. purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $166,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CHRW shares. JPMorgan Chase & Co. dropped their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating on the stock in a research report on Monday. Susquehanna upped their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. Raymond James Financial set a $192.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating on shares of C.H. Robinson Worldwide in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus target price of $194.76.

C.H. Robinson Worldwide Stock Performance

CHRW traded up $3.92 on Thursday, reaching $139.10. The stock had a trading volume of 745,668 shares, compared to its average volume of 1,970,919. The company has a market cap of $16.25 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 and a 12-month high of $210.33. The business's 50-day moving average price is $148.44 and its two-hundred day moving average price is $169.17. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the firm posted $1.29 EPS. The business's revenue was up 19.3% on a year-over-year basis. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.2 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 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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