EverSource Wealth Advisors LLC Purchases 2,571 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

EverSource Wealth Advisors LLC boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3,672.9% during the first quarter, Holdings Channel reports. The fund owned 2,641 shares of the transportation company’s stock after acquiring an additional 2,571 shares during the period. EverSource Wealth Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $188,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Cetera Advisors LLC bought a new position in C.H. Robinson Worldwide in the first quarter valued at $6,665,000. Cetera Investment Advisers increased its stake in C.H. Robinson Worldwide by 9.6% in the first quarter. Cetera Investment Advisers now owns 99,197 shares of the transportation company’s stock valued at $7,553,000 after acquiring an additional 8,656 shares during the last quarter. Swedbank AB bought a new position in C.H. Robinson Worldwide in the first quarter valued at $1,051,000. Wahed Invest LLC bought a new position in C.H. Robinson Worldwide in the first quarter valued at $172,000. Finally, Plato Investment Management Ltd grew its stake in shares of C.H. Robinson Worldwide by 63,850.0% during the first quarter. Plato Investment Management Ltd now owns 24,301 shares of the transportation company’s stock valued at $1,850,000 after buying an additional 24,263 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Robert W. Baird raised their price objective on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays raised their price objective on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday. UBS Group raised their price objective on C.H. Robinson Worldwide from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday. Raymond James assumed coverage on C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They set a “market perform” rating on the stock. Finally, Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their price objective for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $94.06.

C.H. Robinson Worldwide Stock Down 3.5 %

CHRW traded down $3.58 on Friday, hitting $98.63. The company had a trading volume of 2,362,097 shares, compared to its average volume of 1,686,734. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.37. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $105.41. The stock has a fifty day simple moving average of $87.71 and a 200-day simple moving average of $80.23. The firm has a market capitalization of $11.55 billion, a P/E ratio of 38.98, a P/E/G ratio of 2.63 and a beta of 0.80.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period last year, the business posted $0.90 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 3.73 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio is 96.44%.

About C.H. Robinson Worldwide

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.