C.H. Robinson Worldwide, Inc. $CHRW Stock: Vontobel Holding Ltd. Increases Holdings

Key Points

• Vontobel Holding sharply increased its C.H. Robinson stake by 47,894.2% in the third quarter, reaching 831,259 shares valued at approximately $123 million. Institutional investors and hedge funds collectively own 93.15% of the company.
• CHRW shares fell 3.0% to $139.49, well below their 52-week high of $210.33. Despite the decline, the company exceeded quarterly earnings and revenue expectations, reporting $1.61 EPS and $4.93 billion in revenue.
• The company maintains a quarterly dividend of $0.63 per share, or $2.52 annually, yielding about 1.8%. Analysts hold a consensus “Moderate Buy” rating with an average price target of $190.

Vontobel Holding Ltd. lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 47,894.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 831,259 shares of the transportation company's stock after acquiring an additional 829,527 shares during the quarter. Vontobel Holding Ltd. owned 0.71% of C.H. Robinson Worldwide worth $122,993,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CHRW. Mosley Wealth Management boosted its position in shares of C.H. Robinson Worldwide by 134,300.0% in the 3rd quarter. Mosley Wealth Management now owns 2,688 shares of the transportation company's stock valued at $398,000 after purchasing an additional 2,686 shares during the period. Parisi Gray Wealth Management acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth about $232,000. TD Waterhouse Canada Inc. lifted its stake in C.H. Robinson Worldwide by 28,883.5% during the third quarter. TD Waterhouse Canada Inc. now owns 57,967 shares of the transportation company's stock valued at $8,577,000 after buying an additional 57,767 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at about $733,000. Finally, KFG Wealth Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $249,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Down 3.0%

CHRW traded down $4.33 on Friday, reaching $139.49. 3,653,853 shares of the company traded hands, compared to its average volume of 2,115,310. The company has a market cap of $16.30 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.19 and a beta of 0.94. 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's 50 day moving average price is $147.20 and its 200-day moving average price is $167.85. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33.

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 (EPS) for the quarter, beating 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 company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the business posted $1.29 EPS. The company's revenue for the quarter was up 19.3% on a year-over-year basis. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid 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 payout ratio is 48.09%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several analyst reports. Robert W. Baird dropped their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th. Truist Financial reduced their price target on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research note on Wednesday. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued 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, the stock 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 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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