Quotient Wealth Partners LLC Makes New Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Quotient Wealth Partners LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 34,564 shares of the transportation company's stock, valued at approximately $2,986,000.

A number of other large investors have also recently bought and sold shares of CHRW. Prime Capital Investment Advisors LLC bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth about $2,960,000. GSA Capital Partners LLP raised its stake in shares of C.H. Robinson Worldwide by 8.8% during the 3rd quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company's stock worth $796,000 after purchasing an additional 746 shares in the last quarter. abrdn plc boosted its holdings in shares of C.H. Robinson Worldwide by 9.5% in the 3rd quarter. abrdn plc now owns 394,466 shares of the transportation company's stock valued at $33,975,000 after buying an additional 34,300 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of C.H. Robinson Worldwide by 28.3% in the third quarter. Nordea Investment Management AB now owns 309,074 shares of the transportation company's stock valued at $26,979,000 after buying an additional 68,256 shares in the last quarter. Finally, Brookstone Capital Management increased its holdings in C.H. Robinson Worldwide by 10.6% during the fourth quarter. Brookstone Capital Management now owns 6,288 shares of the transportation company's stock worth $543,000 after buying an additional 605 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

CHRW traded down $0.52 on Wednesday, hitting $83.35. 1,832,691 shares of the stock were exchanged, compared to its average volume of 1,661,073. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $102.24. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 3.93 and a beta of 0.75. The business has a 50-day moving average of $74.08 and a two-hundred day moving average of $78.99.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the business posted $0.98 EPS. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.58 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, June 7th. C.H. Robinson Worldwide's dividend payout ratio is presently 96.44%.

Analyst Ratings Changes

A number of analysts have commented on CHRW shares. Raymond James assumed coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday. They issued a "market perform" rating for the company. Bank of America cut their target price on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an "underperform" rating for the company in a research note on Monday, April 15th. BNP Paribas reissued a "neutral" rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. TD Cowen raised their price objective on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a "hold" rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company reduced their target price on C.H. Robinson Worldwide from $80.00 to $70.00 and set an "underweight" rating for the company in a research note on Thursday, February 1st. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $82.60.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.