Mystic Asset Management Inc. Buys New Shares in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Mystic Asset Management initiated a position in C.H. Robinson Worldwide during the third quarter, purchasing 13,655 shares worth approximately $2.02 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $191.20, despite individual targets ranging from $170 to $226.
• CHRW shares traded at $141.01, well below their 12-month high of $210.33. The company recently reported better-than-expected quarterly earnings and revenue and pays an annualized dividend of $2.52, yielding about 1.8%.

Mystic Asset Management Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,655 shares of the transportation company's stock, valued at approximately $2,020,000.

Several other large investors have also added to or reduced their stakes in CHRW. Dogwood Wealth Management LLC raised its stake in C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock valued at $45,000 after acquiring an additional 65 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after acquiring an additional 67 shares during the period. Millstone Evans Group LLC grew its stake in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of C.H. Robinson Worldwide by 8.7% in the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock valued at $155,000 after purchasing an additional 75 shares during the last quarter. Finally, Elevated Capital Advisors LLC increased its holdings in shares of C.H. Robinson Worldwide by 10.9% in the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company's stock valued at $139,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James Financial reaffirmed an "outperform" rating and set a $170.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday. Stifel Nicolaus set a $209.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 8th. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Susquehanna raised their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research note on Tuesday, July 14th. Finally, Truist Financial reduced their target price on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $191.20.

C.H. Robinson Worldwide Price Performance

CHRW stock traded up $1.56 on Thursday, reaching $141.01. 568,976 shares of the company's stock were exchanged, compared to its average volume of 1,968,414. The stock has a fifty day moving average of $147.45 and a 200-day moving average of $168.17. The firm has a market cap of $16.48 billion, a PE ratio of 26.91, a P/E/G ratio of 1.14 and a beta of 0.94. 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 twelve month low of $125.35 and a twelve month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its 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. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. C.H. Robinson Worldwide's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 earnings per share. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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