C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC purchased 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 disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,462 shares of the transportation company’s stock, valued at approximately $1,252,000.

A number of other hedge funds have also bought and sold shares of CHRW. Focused Alpha LLC bought a new stake in C.H. Robinson Worldwide in the third quarter valued at about $531,000. Freedom Day Solutions LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $583,000. Mayfair Advisory Group LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $591,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in C.H. Robinson Worldwide by 2,168.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 366,201 shares of the transportation company’s stock worth $54,183,000 after buying an additional 350,058 shares during the last quarter. Finally, Drum Hill Capital LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $347,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Down 0.5%

NASDAQ:CHRW opened at $138.85 on Tuesday. The firm has a market capitalization of $16.22 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The stock has a 50 day moving average of $147.01 and a 200-day moving average of $167.70. 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 current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The business 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 quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CHRW. Truist Financial lowered their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Robert W. Baird dropped their price target on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Citigroup restated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Janney Montgomery Scott set a $155.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. One research 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 issued a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $190.00.

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.