First Trust Direct Indexing L.P. Takes Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

First Trust Direct Indexing L.P. purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,826 shares of the transportation company’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $2,960,000. GSA Capital Partners LLP boosted its stake in C.H. Robinson Worldwide by 8.8% during the 3rd quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company’s stock valued at $796,000 after purchasing an additional 746 shares in the last quarter. abrdn plc raised its stake in shares of C.H. Robinson Worldwide by 9.5% in the 3rd quarter. abrdn plc now owns 394,466 shares of the transportation company’s stock worth $33,975,000 after buying an additional 34,300 shares in the last quarter. Nordea Investment Management AB boosted its stake in C.H. Robinson Worldwide by 28.3% during the third quarter. Nordea Investment Management AB now owns 309,074 shares of the transportation company’s stock valued at $26,979,000 after buying an additional 68,256 shares in the last quarter. Finally, Brookstone Capital Management raised its position in C.H. Robinson Worldwide by 10.6% in the fourth quarter. Brookstone Capital Management now owns 6,288 shares of the transportation company’s stock worth $543,000 after acquiring an additional 605 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. Bank of America dropped their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research report on Monday, April 15th. TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Finally, Wolfe Research raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.60.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $79.53 on Wednesday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $104.58. The company has a current ratio of 1.37, a quick ratio of 1.40 and a debt-to-equity ratio of 0.99. The company has a market cap of $9.30 billion, a P/E ratio of 31.43, a P/E/G ratio of 3.98 and a beta of 0.75. The company has a fifty day simple moving average of $73.06 and a 200 day simple moving average of $78.99.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 3.4 EPS for the current 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.