Freedom Day Solutions LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,939 shares of the transportation company’s stock, valued at approximately $583,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 37.8% during the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after acquiring an additional 65 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares during the last quarter. Millstone Evans Group LLC boosted its holdings in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Root Financial Partners LLC boosted its holdings in C.H. Robinson Worldwide by 8.7% in the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock valued at $155,000 after purchasing an additional 75 shares during the last quarter. Finally, Elevated Capital Advisors LLC grew its stake in C.H. Robinson Worldwide by 10.9% during the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 82 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on CHRW shares. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price for the company. in a research note on Monday, October 12th. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Stephens dropped their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $190.00.
Get Our Latest Analysis on C.H. Robinson Worldwide
C.H. Robinson Worldwide Trading Down 0.5%
NASDAQ:CHRW opened at $138.85 on Tuesday. The company has a market cap of $16.22 billion, a PE ratio of 26.50, a P/E/G ratio of 1.16 and a beta of 0.94. The business’s 50 day moving average is $147.01 and its two-hundred day moving average is $167.70. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 EPS. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.
C.H. Robinson Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.
C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.
Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.
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