13,359 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by White Lighthouse Investment Management Inc.

White Lighthouse Investment Management Inc. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,359 shares of the transportation company’s stock, valued at approximately $1,977,000.

Other hedge funds also recently made changes to their positions in the company. Smith Shellnut Wilson LLC ADV bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth $770,000. Measured Risk Portfolios Inc. purchased a new position in shares of C.H. Robinson Worldwide in the third quarter valued at about $1,660,000. Axxcess Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 67.0% in the third quarter. Axxcess Wealth Management LLC now owns 47,858 shares of the transportation company’s stock valued at $7,863,000 after acquiring an additional 19,199 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of C.H. Robinson Worldwide by 41.6% in the third quarter. Crossmark Global Holdings Inc. now owns 82,961 shares of the transportation company’s stock valued at $13,308,000 after acquiring an additional 24,359 shares during the period. Finally, Income Insurance Ltd bought a new position in shares of C.H. Robinson Worldwide during the third quarter valued at about $706,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHRW has been the subject of a number of analyst reports. BMO Capital Markets dropped their target price on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating for the company in a report on Friday, October 16th. TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Truist Financial reduced their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Bank of America reaffirmed a “buy” rating and set a $203.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Stephens lowered their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $190.00.

Read Our Latest Analysis on C.H. Robinson Worldwide

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $140.95 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm’s fifty day simple moving average is $146.81 and its 200 day simple moving average is $167.31. The stock has a market cap of $16.47 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last issued 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. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the business earned $1.29 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. 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.

Recommended Stories

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report).

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

Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.