C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Triangle Securities Wealth Management

Triangle Securities Wealth Management purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,888 shares of the transportation company’s stock, valued at approximately $723,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. William Allan Corp acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $230,000. Mather Group LLC. lifted its position in shares of C.H. Robinson Worldwide by 1,293.5% during the 3rd quarter. Mather Group LLC. now owns 27,103 shares of the transportation company’s stock worth $4,010,000 after buying an additional 25,158 shares during the last quarter. Hudock Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $419,000. First Pacific Financial purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $134,000. Finally, MPS Loria Financial Planners LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $308,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CHRW. Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Robert W. Baird reduced their price target on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Finally, Truist Financial decreased 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 note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.08.

C.H. Robinson Worldwide Trading Up 1.1%

CHRW opened at $139.45 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. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33. The business’s 50 day moving average is $147.45 and its two-hundred day moving average is $168.17. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.14 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 earnings per share. On average, research 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. Stockholders of record on Friday, September 4th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis 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%.

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 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.