C.H. Robinson Worldwide, Inc. $CHRW Stock Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4,439.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 79,944 shares of the transportation company’s stock after purchasing an additional 78,183 shares during the period. Diversify Advisory Services LLC’s holdings in C.H. Robinson Worldwide were worth $11,829,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CHRW. LCM Capital Management Inc bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $382,000. Rare Wolf Capital LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $194,000. Miller Financial Services LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth about $521,000. Revisor Wealth Management LLC raised its stake in C.H. Robinson Worldwide by 498.2% during the third quarter. Revisor Wealth Management LLC now owns 13,478 shares of the transportation company’s stock worth $1,994,000 after acquiring an additional 11,225 shares during the period. Finally, C2C Wealth Management LLC bought a new position in C.H. Robinson Worldwide in the third quarter worth about $1,518,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Up 1.2%

CHRW opened at $140.57 on Wednesday. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market cap of $16.43 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.15 and a beta of 0.94. The stock’s 50 day moving average price is $146.92 and its 200 day moving average price is $167.50.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a dividend of $0.63 per share. 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 dividend payout ratio (DPR) is 48.09%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CHRW. Jefferies Financial Group restated a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. BMO Capital Markets cut their price target on C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a report on Friday. Truist Financial cut their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Bank of America restated a “buy” rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Robert W. Baird lowered their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus 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.