FARMERS & MERCHANTS TRUST Co OF LONG BEACH Buys New Position in C.H. Robinson Worldwide, Inc. $CHRW

FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,121 shares of the transportation company’s stock, valued at approximately $758,000.

Other hedge funds have also bought and sold shares of the company. Vann Equity Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $641,000. CWS Financial Advisors LLC bought a new stake in C.H. Robinson Worldwide in the third quarter worth approximately $1,352,000. Argent Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at about $5,017,000. Cravens & Co Advisors LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $1,242,000. Finally, Birch Hill Investment Advisors LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $809,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CHRW shares. JPMorgan Chase & Co. decreased their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Raymond James Financial reissued an “outperform” rating and set a $170.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 15th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Bank of America reissued a “buy” rating and set a $203.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Truist Financial cut their price objective on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

View Our Latest Stock Report on C.H. Robinson Worldwide

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $142.31 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. The business has a 50-day simple moving average of $146.66 and a two-hundred day simple moving average of $167.13. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market cap of $16.63 billion, a PE ratio of 27.16, a P/E/G ratio of 1.17 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The business 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%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared 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 of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

About C.H. Robinson Worldwide

(Free Report)

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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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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