Veracity Capital LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,417 shares of the transportation company’s stock, valued at approximately $654,000.
Other large investors have also recently bought and sold shares of the company. Vista Investment Partners LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth about $1,199,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth approximately $36,000. Kaydan Wealth Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth approximately $166,000. Toth Financial Advisory Corp grew its position in C.H. Robinson Worldwide by 459.7% during the third quarter. Toth Financial Advisory Corp now owns 3,504 shares of the transportation company’s stock valued at $518,000 after purchasing an additional 2,878 shares in the last quarter. Finally, Kessler Investment Group LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $1,989,000. 93.15% of the stock is owned by institutional investors and hedge funds.
C.H. Robinson Worldwide Stock Performance
Shares of CHRW stock traded up $4.04 during trading on Thursday, reaching $139.22. The company had a trading volume of 808,394 shares, compared to its average volume of 1,971,266. The firm’s 50 day simple moving average is $148.44 and its two-hundred day simple moving average is $169.17. C.H. Robinson Worldwide, Inc. has a one year low of $123.64 and a one year high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $16.27 billion, a PE ratio of 26.56, a PEG ratio of 1.13 and a beta of 0.94.
C.H. Robinson Worldwide Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.
Analysts Set New Price Targets
Several research firms have recently commented on CHRW. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Truist Financial dropped their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday. Finally, Bank of America reiterated a “buy” rating and set a $203.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.76.
Get Our Latest Stock Report on CHRW
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 service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.
Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.
Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.
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