7,885 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Athena Wealth Management LLC

by · The Cerbat Gem

Athena Wealth Management LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,885 shares of the transportation company’s stock, valued at approximately $1,167,000. C.H. Robinson Worldwide comprises approximately 0.8% of Athena Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position.

Other large investors have also added to or reduced their stakes in the company. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at $579,922,000. Dimensional Fund Advisors LP grew its holdings in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after acquiring an additional 25,674 shares during the period. Bank of America Corp DE increased its position in C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after acquiring an additional 127,103 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in C.H. Robinson Worldwide during the second quarter valued at $172,626,000. Finally, Hamlin Capital Management LLC bought a new position in C.H. Robinson Worldwide in the third quarter valued at about $123,176,000. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CHRW. Truist Financial cut their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday. Robert W. Baird dropped their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. JPMorgan Chase & Co. cut their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research report on Monday. Stifel Nicolaus set a $209.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday. Finally, UBS Group reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $194.76.

Check Out Our Latest Stock Analysis on CHRW

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $1.95 during mid-day trading on Friday, hitting $143.29. The company had a trading volume of 739,131 shares, compared to its average volume of 1,973,589. 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’s 50 day moving average price is $148.33 and its 200-day moving average price is $168.98. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week high of $210.33. The company has a market capitalization of $16.74 billion, a P/E ratio of 27.39, a P/E/G ratio of 1.13 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS 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 business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the company earned $1.29 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.21 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. Investors of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is presently 48.09%.

About C.H. Robinson Worldwide

(Free Report)

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.

Further Reading

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