C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by Revisor Wealth Management LLC

Revisor Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 84.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,987 shares of the transportation company’s stock after buying an additional 1,823 shares during the period. Revisor Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $410,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at $27,000. First Financial Corp IN purchased a new position in C.H. Robinson Worldwide in the first quarter valued at $31,000. Proficio Capital Partners LLC acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $33,000. AdvisorNet Financial Inc raised its stake in C.H. Robinson Worldwide by 252.1% in the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company’s stock valued at $43,000 after buying an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of C.H. Robinson Worldwide by 31.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company’s stock worth $49,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several research analyst reports. Wells Fargo & Company cut their target price on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Baird R W raised shares of C.H. Robinson Worldwide to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. UBS Group dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $129.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Truist Financial started coverage on shares of C.H. Robinson Worldwide in a research report on Thursday, March 13th. They issued a “buy” rating and a $115.00 price target for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.50.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $97.96 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. The firm’s fifty day moving average price is $94.50 and its 200 day moving average price is $97.86. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.24 and a 1-year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 59.33%.

Insider Activity

In other news, insider Angela K. Freeman sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the sale, the insider directly owned 71,441 shares of the company’s stock, valued at $6,959,782.22. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.