Vest Financial LLC increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 1.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 268,199 shares of the transportation company’s stock after buying an additional 3,777 shares during the quarter. Vest Financial LLC owned about 0.23% of C.H. Robinson Worldwide worth $41,049,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dogwood Wealth Management LLC boosted its position in shares of C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 65 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after buying an additional 67 shares during the period. Millstone Evans Group LLC grew its stake in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares during the period. Root Financial Partners LLC grew its stake in shares of C.H. Robinson Worldwide by 8.7% in the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock valued at $155,000 after buying an additional 75 shares during the period. Finally, Elevated Capital Advisors LLC increased its holdings in shares of 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 worth $139,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on CHRW shares. JPMorgan Chase & Co. lowered their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. 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. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Truist Financial decreased their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Finally, Evercore set a $217.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $190.00.
Check Out Our Latest Research Report on C.H. Robinson Worldwide
C.H. Robinson Worldwide Stock Performance
Shares of CHRW stock opened at $140.95 on Thursday. The firm has a 50 day moving average of $146.81 and a two-hundred day moving average of $167.31. The stock has a market capitalization of $16.47 billion, a PE ratio of 26.90, a P/E/G ratio of 1.17 and a beta of 0.94. 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 posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.
C.H. Robinson Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.
C.H. Robinson Worldwide Company 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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