Three Seasons Wealth LLC Boosts Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Three Seasons Wealth LLC raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 93.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 6,876 shares of the transportation company’s stock after buying an additional 3,316 shares during the period. Three Seasons Wealth LLC’s holdings in C.H. Robinson Worldwide were worth $1,146,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Bank of Jackson Hole Trust purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $27,000. Millstone Evans Group LLC boosted its position in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. DV Equities LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $27,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the subject of several recent research reports. Susquehanna lifted their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a report on Tuesday. UBS Group increased their price target on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, June 1st. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Raymond James Financial decreased their price objective on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research report on Thursday, July 2nd. Finally, 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. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.62.

More C.H. Robinson Worldwide News

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: Susquehanna raised its price target on C.H. Robinson Worldwide (CHRW) to $226 from $215 and reiterated a positive rating, signaling confidence in further upside. Article
• Positive Sentiment: Truist Financial increased its price target to $215 from $210 and maintained a buy rating, adding to the bullish analyst momentum. Article
• Positive Sentiment: Stifel Nicolaus also lifted its target to $215 from $207 and kept a buy rating, reinforcing the view that CHRW may have more room to run. Article
• Neutral Sentiment: Citizens JMP initiated coverage with a market perform rating and a $235 price target, which is supportive but less aggressive than the recent buy-rated calls. Article
• Neutral Sentiment: New coverage and stock-comparison commentary, including a ZTO vs. CHRW value comparison and forecast articles, may keep investor attention on CHRW’s valuation, but they do not appear to be major catalysts on their own. Article

C.H. Robinson Worldwide Trading Down 1.1%

Shares of NASDAQ:CHRW opened at $197.50 on Thursday. C.H. Robinson Worldwide, Inc. has a 1 year low of $96.27 and a 1 year high of $203.34. The firm has a market capitalization of $23.28 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The business’s 50 day moving average price is $182.28 and its 200-day moving average price is $178.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results 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. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 EPS. On average, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a $0.63 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

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.