Radnor Capital Management LLC Acquires 21,585 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Radnor Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 21,585 shares of the transportation company’s stock, valued at approximately $3,194,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide during the 1st quarter valued at about $579,922,000. Bank of New York Mellon Corp bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth approximately $172,626,000. Hamlin Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $123,176,000. Vontobel Holding Ltd. raised its stake in shares of C.H. Robinson Worldwide by 47,894.2% in the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock worth $122,993,000 after buying an additional 829,527 shares during the period. Finally, Sei Investments Co. increased its holdings in C.H. Robinson Worldwide by 532.7% in the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock worth $109,594,000 after acquiring an additional 555,631 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the subject of several recent analyst reports. Truist Financial dropped their price target on 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. Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Susquehanna raised their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Finally, TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $141.17 on Friday. The company has a market capitalization of $16.50 billion, a P/E ratio of 26.94, a P/E/G ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.41 and a fifty-two week high of $210.33. The business’s 50-day moving average is $146.52 and its two-hundred day moving average is $166.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released 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 return on equity of 38.36% and a net margin of 3.73%. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the firm posted $1.29 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared 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 dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 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.