C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Position Reduced by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,010 shares of the transportation company’s stock after selling 285 shares during the period. Avidian Wealth Enterprises LLC’s holdings in C.H. Robinson Worldwide were worth $443,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CHRW. Quent Capital LLC raised its stake in C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after buying an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $49,000. Eastern Bank bought a new position in C.H. Robinson Worldwide during the third quarter worth $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in C.H. Robinson Worldwide in the third quarter worth $55,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of C.H. Robinson Worldwide from $75.00 to $85.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $140.00 in a report on Friday, October 4th. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and upped their target price for the company from $87.00 to $110.00 in a report on Thursday, August 1st. The Goldman Sachs Group raised their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Susquehanna lowered their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Hold” and an average price target of $106.25.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $107.91 on Friday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $113.10. The business’s fifty day moving average is $105.90 and its two-hundred day moving average is $94.14. The stock has a market capitalization of $12.76 billion, a P/E ratio of 37.34, a P/E/G ratio of 1.19 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.

C.H. Robinson Worldwide 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.