Uniting Wealth Partners LLC Has $4.52 Million Stake in C.H. Robinson Worldwide, Inc. $CHRW

Uniting Wealth Partners LLC increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,985 shares of the transportation company’s stock after buying an additional 2,985 shares during the period. C.H. Robinson Worldwide accounts for about 1.4% of Uniting Wealth Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Uniting Wealth Partners LLC’s holdings in C.H. Robinson Worldwide were worth $4,516,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth approximately $27,000. CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide during the second quarter worth approximately $30,000. Clearstead Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after buying an additional 128 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth approximately $34,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Up 1.4%

Shares of NASDAQ:CHRW opened at $193.74 on Friday. C.H. Robinson Worldwide, Inc. has a 52 week low of $92.36 and a 52 week high of $203.34. 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 company has a market capitalization of $22.84 billion, a PE ratio of 39.22, a PEG ratio of 1.65 and a beta of 0.91. The company has a 50 day moving average price of $176.44 and a two-hundred day moving average price of $174.12.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 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 firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CHRW. Wells Fargo & Company boosted their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $200.00 in a research note on Wednesday, May 20th. Bank of America dropped their price target on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research note on Friday, March 27th. 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 note on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Seventeen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $195.65.

About C.H. Robinson Worldwide

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.