Private Client Services LLC Purchases 3,850 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Private Client Services LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,850 shares of the transportation company’s stock, valued at approximately $570,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. Vestcor Inc increased its stake in shares of C.H. Robinson Worldwide by 0.8% during the 4th quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock valued at $1,029,000 after acquiring an additional 51 shares during the last quarter. Dogwood Wealth Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 65 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after buying an additional 67 shares during the last quarter. 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 buying an additional 71 shares during the period. Finally, Root Financial Partners LLC grew its position in C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock valued at $155,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW traded up $5.00 during trading on Friday, hitting $158.14. The company’s stock had a trading volume of 509,443 shares, compared to its average volume of 1,922,945. The firm’s 50 day moving average price is $151.15 and its two-hundred day moving average price is $170.01. 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 stock has a market capitalization of $18.48 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 1.25 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company posted $1.29 earnings per share. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.19 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 48.09%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CHRW. Weiss Ratings lowered C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Robert W. Baird dropped their price objective 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. Truist Financial lifted their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Stephens decreased their price target on shares of 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. Finally, Citigroup raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and cut their price objective for the company from $196.00 to $185.00 in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.56.

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 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.