71,389 Shares of C.H. Robinson Worldwide, Inc. $CHRW Purchased by Talbot Financial LLC

Talbot Financial LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,389 shares of the transportation company’s stock, valued at approximately $10,563,000.

Other institutional investors also recently bought and sold shares of the company. Continuum Advisory LLC bought a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at approximately $27,000. NBH Bank bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth approximately $29,000. Millstone Evans Group LLC raised its position in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Burkett Financial Services LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $25,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares during the period. 93.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CHRW shares. Truist Financial dropped their price target 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, October 7th. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. UBS Group restated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Stock Down 0.8%

Shares of CHRW stock traded down $1.06 during trading hours on Monday, hitting $138.43. 419,431 shares of the company’s stock traded hands, compared to its average volume of 1,973,981. The stock’s fifty day simple moving average is $147.20 and its two-hundred day simple moving average is $167.89. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.35 and a 12-month high of $210.33. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.16 and a beta of 0.94. 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) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.29 EPS. On average, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

About C.H. Robinson Worldwide

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.