Impact Partnership Wealth LLC Buys Shares of 6,230 C.H. Robinson Worldwide, Inc. $CHRW

Impact Partnership Wealth LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 6,230 shares of the transportation company’s stock, valued at approximately $1,002,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $27,000. CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $30,000. Clearstead Advisors LLC raised its position in C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $34,000. Finally, MUFG Securities EMEA plc bought a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $34,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHRW. Citigroup raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price target for the company in a research report on Friday, May 15th. Stifel Nicolaus boosted their price target on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. TD Cowen boosted their price target on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Raymond James Financial set a $210.00 price target on C.H. Robinson Worldwide in a research report on Thursday, April 30th. Finally, Wells Fargo & Company boosted their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.61.

C.H. Robinson Worldwide Trading Up 1.8%

CHRW opened at $178.65 on Friday. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 1.52 and a beta of 0.94. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 12 month low of $92.36 and a 12 month high of $203.34. The stock has a fifty day moving average price of $172.79 and a 200-day moving average price of $171.73.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company posted $1.17 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.