Measured Risk Portfolios Inc. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor bought 11,217 shares of the transportation company’s stock, valued at approximately $1,660,000. C.H. Robinson Worldwide accounts for approximately 1.5% of Measured Risk Portfolios Inc.’s holdings, making the stock its 28th biggest holding.
Several other hedge funds have also recently modified their holdings of CHRW. Vann Equity Management LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth about $641,000. CWS Financial Advisors LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $1,352,000. Argent Capital Management LLC bought a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $5,017,000. Cravens & Co Advisors LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $1,242,000. Finally, Birch Hill Investment Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $809,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.
C.H. Robinson Worldwide Trading Up 0.3%
C.H. Robinson Worldwide stock opened at $140.95 on Thursday. The business has a 50-day simple moving average of $146.81 and a two-hundred day simple moving average of $167.31. The company has a market cap of $16.47 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33. 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 (NASDAQ:CHRW – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating 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 firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.
C.H. Robinson Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a dividend of $0.63 per share. 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 payout ratio is 48.09%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on CHRW. Truist Financial reduced their price target on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. BMO Capital Markets lowered their price objective on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday, October 16th. Deutsche Bank Aktiengesellschaft downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price objective on the stock. in a research report on Monday, October 12th. Citigroup restated a “market outperform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Susquehanna lifted their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.
View Our Latest Analysis on CHRW
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.
Further Reading
- Five stocks we like better than C.H. Robinson Worldwide
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
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).
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.
