C.H. Robinson Worldwide, Inc. $CHRW Stock Position Raised by B. Riley Wealth Advisors Inc.

Key Points

• B. Riley Wealth Advisors increased its C.H. Robinson position by 744.5% in the third quarter, bringing its holdings to 11,561 shares worth approximately $1.71 million. Institutional investors and hedge funds collectively own 93.15% of the company.
• Analyst sentiment remains broadly positive: CHRW has a “Moderate Buy” consensus rating and an average price target of $192.08, although Truist recently lowered its target to $200.
• C.H. Robinson exceeded quarterly expectations with $1.61 EPS versus the $1.53 consensus and $4.93 billion in revenue, up 19.3% year over year. The company also maintains a quarterly dividend of $0.63, equivalent to a 1.8% annual yield.

B. Riley Wealth Advisors Inc. grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 744.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,561 shares of the transportation company's stock after buying an additional 10,192 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in C.H. Robinson Worldwide were worth $1,711,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $579,922,000. Auto Owners Insurance Co lifted its holdings in shares of C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock valued at $24,293,000 after purchasing an additional 1,501,744 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock valued at $181,810,000 after purchasing an additional 25,674 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of C.H. Robinson Worldwide by 13.7% in 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 acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $172,626,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CHRW shares. Citizens Jmp began coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price objective on the stock. Bank of America restated a "buy" rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. TD Cowen reaffirmed a "hold" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Wall Street Zen upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Truist Financial cut their price target 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $192.08.

C.H. Robinson Worldwide Price Performance

CHRW opened at $139.45 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. The company has a 50 day moving average of $147.45 and a two-hundred day moving average of $168.17. The company has a market cap of $16.29 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.14 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 earnings per share. On average, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders 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 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 48.09%.

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 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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