WealthTrust Asset Management LLC Purchases New Position in C.H. Robinson Worldwide, Inc. $CHRW

WealthTrust Asset Management LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 65,608 shares of the transportation company’s stock, valued at approximately $10,896,000. C.H. Robinson Worldwide comprises 6.5% of WealthTrust Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding.

Several other hedge funds have also bought and sold shares of CHRW. Vanguard Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock worth $2,341,535,000 after purchasing an additional 364,163 shares during the period. State Street Corp lifted its stake in shares of C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after purchasing an additional 397,177 shares during the period. Wellington Management Group LLP lifted its stake in shares of 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 during the period. Boston Partners boosted its holdings in C.H. Robinson Worldwide by 6.1% during the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after buying an additional 213,245 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in C.H. Robinson Worldwide by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock worth $514,889,000 after buying an additional 16,961 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $208.50 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a fifty day moving average of $183.71 and a 200 day moving average of $179.35. The firm has a market cap of $24.58 billion, a PE ratio of 42.21, a PEG ratio of 1.80 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a one year low of $96.27 and a one year high of $208.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data 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 net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the firm posted $1.17 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.11 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHRW. UBS Group lifted their price objective on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a report on Monday, June 1st. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Barclays raised their target price on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Truist Financial lifted their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $198.62.

C.H. Robinson Worldwide Company 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.