White Lighthouse Investment Management Inc. Buys New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• White Lighthouse Investment Management initiated a C.H. Robinson Worldwide position of 13,359 shares valued at approximately $1.98 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates by $0.08, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a quarterly dividend of $0.63 per share, representing a 1.8% yield.
• Despite the stock opening at $140.95—well below its 52-week high of $210.33—analysts maintain a consensus “Moderate Buy” rating with an average price target of $190.

White Lighthouse Investment Management Inc. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 13,359 shares of the transportation company's stock, valued at approximately $1,977,000.

Several other large investors have also recently bought and sold shares of CHRW. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at $579,922,000. Bank of New York Mellon Corp bought a new position in shares of C.H. Robinson Worldwide in the second quarter worth $172,626,000. Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $123,176,000. Vontobel Holding Ltd. raised its position in shares of C.H. Robinson Worldwide by 47,894.2% in the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company's stock worth $122,993,000 after buying an additional 829,527 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of C.H. Robinson Worldwide by 532.7% in the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company's stock worth $109,594,000 after buying an additional 555,631 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $140.95 on Thursday. The company has a fifty day moving average of $146.81 and a 200-day moving average of $167.31. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion for 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 company's quarterly revenue 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. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio is currently 48.09%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CHRW shares. Truist Financial reduced their target price on 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. UBS Group reaffirmed a "buy" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Bank of America reiterated a "buy" rating and set a $203.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Weiss Ratings downgraded C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $190.00.

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 resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.

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