Elevation Point Wealth Partners LLC Boosts Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Elevation Point Wealth Partners LLC lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 168.5% during the first quarter, HoldingsChannel reports. The firm owned 11,031 shares of the transportation company’s stock after purchasing an additional 6,923 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in C.H. Robinson Worldwide were worth $1,835,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in C.H. Robinson Worldwide during the fourth quarter valued at approximately $25,000. DV Equities LLC acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $27,000. Bayban acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $32,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $27,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $36,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. UBS Group lifted their price target on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a report on Monday, June 1st. Wells Fargo & Company increased their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barclays lifted their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Bank of America cut their target price on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. increased their price target on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $195.35.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $189.85 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. 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 fifty day simple moving average of $180.24 and a 200-day simple moving average of $177.17. The stock has a market capitalization of $22.38 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 1.64 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. C.H. Robinson Worldwide’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.17 earnings per share. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

About C.H. Robinson Worldwide

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.