Vista Investment Partners LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Vista Investment Partners initiated a position of 8,103 C.H. Robinson shares valued at approximately $1.2 million. Institutional investors and hedge funds 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 $194.76, despite several firms recently lowering their targets.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63 per share, yielding about 1.8%.

Vista Investment Partners LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,103 shares of the transportation company's stock, valued at approximately $1,199,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRW. WCM Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth approximately $579,922,000. Auto Owners Insurance Co raised its stake in shares of C.H. Robinson Worldwide by 15,976.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock worth $24,293,000 after buying an additional 1,501,744 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 25,674 shares in the last quarter. Bank of America Corp DE grew its stake in shares of C.H. Robinson Worldwide by 13.7% during the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock worth $175,304,000 after purchasing an additional 127,103 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $172,626,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of research analyst reports. Truist Financial dropped 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 report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Stephens cut their price objective on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. Finally, Freedom Capital raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $194.76.

C.H. Robinson Worldwide Trading Up 3.0%

CHRW stock traded up $4.00 during midday trading on Thursday, hitting $139.18. The stock had a trading volume of 808,394 shares, compared to its average volume of 1,971,266. The company's 50-day moving average price is $148.44 and its 200 day moving average price is $169.17. 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 firm has a market cap of $16.26 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 and a 12-month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data 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 business 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%.The business's revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.2 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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