Integrated Wealth Concepts LLC Grows Stake in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Integrated Wealth Concepts LLC increased its C.H. Robinson Worldwide stake by 601.7% in the second quarter, holding 60,693 shares valued at approximately $11 million. Institutional investors collectively own 93.15% of the company.
• Analyst sentiment remains broadly positive, with an average “Moderate Buy” rating and a consensus price target of $196.56, although some firms recently lowered targets or downgraded the stock.
• C.H. Robinson exceeded quarterly expectations, reporting $1.61 in EPS 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.

Integrated Wealth Concepts LLC grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 601.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,693 shares of the transportation company's stock after acquiring an additional 52,044 shares during the quarter. Integrated Wealth Concepts LLC owned about 0.05% of C.H. Robinson Worldwide worth $11,003,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CHRW. NewEdge Advisors LLC boosted its stake in C.H. Robinson Worldwide by 12.9% in the 2nd quarter. NewEdge Advisors LLC now owns 2,650 shares of the transportation company's stock worth $499,000 after purchasing an additional 303 shares in the last quarter. XY Planning Network Inc. bought a new position in shares of C.H. Robinson Worldwide in the second quarter worth approximately $218,000. Arizona State Retirement System grew its holdings in shares of C.H. Robinson Worldwide by 5.3% during the second quarter. Arizona State Retirement System now owns 33,789 shares of the transportation company's stock valued at $6,364,000 after buying an additional 1,688 shares during the last quarter. Empirical Finance LLC grew its holdings in shares of C.H. Robinson Worldwide by 3.3% during the second quarter. Empirical Finance LLC now owns 4,365 shares of the transportation company's stock valued at $822,000 after buying an additional 138 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $28,690,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CHRW shares. Sanford C. Bernstein decreased their price objective on shares of C.H. Robinson Worldwide from $153.00 to $151.00 and set a "market perform" rating for the company in a report on Tuesday, August 11th. Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a report on Thursday, July 30th. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and boosted their price target for the stock from $195.00 to $200.00 in a research note on Wednesday, May 20th. Citigroup raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and lowered their price target for the company from $196.00 to $185.00 in a report on Tuesday. Finally, Wall Street Zen cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average target price of $196.56.

C.H. Robinson Worldwide Trading Up 1.3%

Shares of CHRW stock opened at $152.42 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 and a 12-month high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm's 50 day moving average is $165.33 and its 200 day moving average is $173.09. The stock has a market capitalization of $17.81 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.27 and a beta of 0.94.

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 for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The business 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 company's quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 EPS. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. C.H. Robinson Worldwide's payout ratio is presently 48.09%.

C.H. Robinson Worldwide Company 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 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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