Top 5 Stock Picks of Frederick DiSanto’s Ancora Advisors

1. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Ancora Advisors’ Stake Value: $231,881,000

Percentage of Ancora Advisors’ 13F Portfolio: 6.56%

Number of Hedge Fund Holders: 26

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is a leading global provider of multimodal transportation services and third-party logistics with over 100,000 active customers worldwide and 85,000 active carriers and suppliers.

Frederick DiSanto’s Ancora Advisors owns 2,287,476 shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), accounting for 6.56% of its 13F portfolio. The hedge fund shed 2% of its stake in Q2 2022, as compared to the previous quarter.

In July, C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) released its financial results for the quarter ended June 30, 2022. Its total revenues increased by 23% y-o-y to $6.8 billion, while its net income surged by 80% y-o-y to $348 million, for the three months. It reported a normalized EPS of $2.67 for the quarter, beating the consensus by $0.68.

On August 4, the board of directors of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) declared a regular quarterly cash dividend of $0.55 per common share. The freight services provider has distributed uninterrupted dividends without declines for more than 20 years.

As of Q2 2022, C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) shares were held by 26 of the 895 hedge funds tracked by Insider Monkey, with a total value of $520 million. First Eagle Investment Management was its largest hedge fund shareholder with ownership of 10.6 million shares valued at $1.1 billion.

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