Impact Partnership Wealth LLC Invests $1 Million in C.H. Robinson Worldwide, Inc. $CHRW

Impact Partnership Wealth LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 6,230 shares of the transportation company’s stock, valued at approximately $1,002,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $27,000. Western Pacific Wealth Management LP purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $36,000. Hantz Financial Services Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 56.2% in the 4th quarter. Hantz Financial Services Inc. now owns 228 shares of the transportation company’s stock worth $37,000 after purchasing an additional 82 shares during the period. Clearstead Advisors LLC boosted its holdings in shares of C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares during the period. Finally, Park Place Capital Corp purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW opened at $178.65 on Friday. The business has a fifty day moving average of $172.79 and a 200 day moving average of $171.73. 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 quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The stock has a market cap of $21.06 billion, a P/E ratio of 36.16, a PEG ratio of 1.52 and a beta of 0.94.

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 analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business earned $1.17 EPS. C.H. Robinson Worldwide’s revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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 given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CHRW shares. Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. JPMorgan Chase & Co. lifted their target price on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price objective for the company in a report on Friday, May 15th. Stifel Nicolaus boosted their price objective on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Bank of America dropped their price objective on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $192.61.

C.H. Robinson Worldwide 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.