Envestnet Portfolio Solutions Inc. Has $17.18 Million Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Envestnet Portfolio Solutions increased its C.H. Robinson stake by 543% in the second quarter, holding 94,268 shares valued at approximately $17.18 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 $196.56, despite individual targets ranging from $185 to $230.
• C.H. Robinson exceeded quarterly expectations, reporting $1.61 in earnings per share and $4.93 billion in revenue, up 19.3% year over year. The company also declared a quarterly dividend of $0.63 per share, representing a 1.7% yield.

Envestnet Portfolio Solutions Inc. increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 543.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,268 shares of the transportation company's stock after buying an additional 79,608 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.08% of C.H. Robinson Worldwide worth $17,177,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Andra AP fonden increased its position in C.H. Robinson Worldwide by 48.8% during the second quarter. Andra AP fonden now owns 67,102 shares of the transportation company's stock worth $12,638,000 after buying an additional 22,020 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $7,762,000. Smith Chas P & Associates PA Cpas acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $506,000. Miramontes Capital LLC acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $232,000. Finally, Sequoia Financial Advisors LLC raised its stake in C.H. Robinson Worldwide by 111.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 45,424 shares of the transportation company's stock valued at $8,555,000 after acquiring an additional 23,990 shares during the period. 93.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CHRW has been the subject of several research reports. Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a report on Thursday, July 30th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 1st. Citigroup raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $196.00 to $185.00 in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. Finally, UBS Group boosted their price objective on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.56.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $149.67 on Thursday. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 1.27 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a fifty day moving average price of $158.15 and a 200-day moving average price of $171.15.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly 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. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. C.H. Robinson Worldwide's revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide's payout ratio is currently 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 road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.

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