Three Seasons Wealth LLC Grows Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Three Seasons Wealth LLC increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 93.1% in the 1st quarter, Holdings Channel reports. The firm owned 6,876 shares of the transportation company’s stock after purchasing an additional 3,316 shares during the period. Three Seasons Wealth LLC’s holdings in C.H. Robinson Worldwide were worth $1,146,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. Auto Owners Insurance Co grew its holdings in shares of C.H. Robinson Worldwide by 15,976.0% during the fourth 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. Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $236,665,000. Capital World Investors acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $165,976,000. Finally, Pinebridge Investments LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $103,751,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CHRW shares. TD Cowen boosted their price target on shares of 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. Bank of America cut their price objective on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. BMO Capital Markets raised their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday. UBS Group boosted their target price on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Citizens Jmp assumed coverage on C.H. Robinson Worldwide in a research report on Wednesday. They issued a “market perform” rating and a $235.00 price target for the company. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average target price of $198.62.

C.H. Robinson Worldwide Trading Down 1.1%

Shares of CHRW stock opened at $197.50 on Thursday. 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 twelve month low of $96.27 and a twelve month high of $203.34. The company’s 50-day moving average price is $182.28 and its 200-day moving average price is $178.86. The stock has a market cap of $23.28 billion, a price-to-earnings ratio of 39.98, a PEG ratio of 1.72 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the business earned $1.17 earnings per share. C.H. Robinson Worldwide’s revenue was down .9% compared to the same quarter last year. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

Key Stories Impacting C.H. Robinson Worldwide

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: Susquehanna raised its price target on C.H. Robinson Worldwide (CHRW) to $226 from $215 and reiterated a positive rating, signaling confidence in further upside. Article
• Positive Sentiment: Truist Financial increased its price target to $215 from $210 and maintained a buy rating, adding to the bullish analyst momentum. Article
• Positive Sentiment: Stifel Nicolaus also lifted its target to $215 from $207 and kept a buy rating, reinforcing the view that CHRW may have more room to run. Article
• Neutral Sentiment: Citizens JMP initiated coverage with a market perform rating and a $235 price target, which is supportive but less aggressive than the recent buy-rated calls. Article
• Neutral Sentiment: New coverage and stock-comparison commentary, including a ZTO vs. CHRW value comparison and forecast articles, may keep investor attention on CHRW’s valuation, but they do not appear to be major catalysts on their own. Article

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.