Piedmont Capital Management LLC NC Acquires New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Piedmont Capital Management LLC NC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,722 shares of the transportation company’s stock, valued at approximately $699,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dogwood Wealth Management LLC increased its position in C.H. Robinson Worldwide by 37.8% in the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after buying an additional 65 shares during the last quarter. Cornerstone Planning Group LLC lifted its position 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 valued at $31,000 after buying an additional 67 shares during the last quarter. Millstone Evans Group LLC lifted its position in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of C.H. Robinson Worldwide by 8.7% during the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock valued at $155,000 after buying an additional 75 shares during the last quarter. Finally, Elevated Capital Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 10.9% during the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after acquiring an additional 82 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. Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price objective on the stock. in a research note on Monday, October 12th. UBS Group reaffirmed a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. BMO Capital Markets cut their target price on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating for the company in a research report on Friday, October 16th. Finally, TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Trading Up 0.3%

Shares of CHRW stock opened at $140.95 on Thursday. The company’s fifty day simple moving average is $146.81 and its two-hundred day simple moving average is $167.31. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.17 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (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 firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the business posted $1.29 earnings per share. The business’s quarterly revenue was up 19.3% on a year-over-year basis. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share 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 dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

C.H. Robinson Worldwide Company 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.