Integrated Wealth Concepts LLC Boosts Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Integrated Wealth Concepts LLC boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 601.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 60,693 shares of the transportation company’s stock after buying an additional 52,044 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in C.H. Robinson Worldwide were worth $11,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Argent Capital Management LLC bought a new stake in C.H. Robinson Worldwide during the first quarter valued at about $5,017,000. Amundi raised its stake in shares of C.H. Robinson Worldwide by 24.7% in the first quarter. Amundi now owns 338,574 shares of the transportation company’s stock worth $56,227,000 after buying an additional 67,108 shares during the period. Empowered Funds LLC lifted its position in shares of C.H. Robinson Worldwide by 469.4% during the 1st quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock valued at $11,081,000 after buying an additional 55,005 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $10,997,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after acquiring an additional 25,674 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Up 1.3%

Shares of CHRW opened at $152.42 on Friday. The business’s 50 day moving average is $165.33 and its 200 day moving average is $173.09. The company has a market capitalization of $17.81 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12-month low of $123.64 and a 12-month high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the company posted $1.29 EPS. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is 48.09%.

Analyst Ratings Changes

CHRW has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. UBS Group upped 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 research report on Monday, June 1st. Raymond James Financial set a $192.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Susquehanna raised their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Finally, Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.56.

Read Our Latest Report on C.H. Robinson Worldwide

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 road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.

See Also

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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