WP Advisors LLC Makes New $565,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

WP Advisors LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,821 shares of the transportation company’s stock, valued at approximately $565,000.

Several other institutional investors and hedge funds have also bought and sold shares of CHRW. Benin Management CORP acquired a new stake in C.H. Robinson Worldwide during the third quarter worth about $506,000. Howland Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $522,000. Brookstone Capital Management acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $20,076,000. Five Oceans Advisors acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $303,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $1,986,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CHRW. Robert W. Baird cut their target price on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Truist Financial decreased their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a report on Thursday, October 8th. Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Stock Up 1.0%

C.H. Robinson Worldwide stock opened at $142.31 on Friday. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a 50 day moving average price of $146.66 and a two-hundred day moving average price of $167.13.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the company posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

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.