6,960 Shares of C.H. Robinson Worldwide, Inc. $CHRW Purchased by James J. Burns & Company LLC

James J. Burns & Company LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, Holdings Channel.com reports. The firm purchased 6,960 shares of the transportation company’s stock, valued at approximately $1,030,000.

A number of other large investors have also recently made changes to their positions in the stock. Burkett Financial Services LLC bought a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $25,000. Millstone Evans Group LLC grew its position in 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 purchasing an additional 71 shares during the period. Continuum Advisory LLC bought a new stake in C.H. Robinson Worldwide in the 2nd quarter worth approximately $27,000. NBH Bank purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $29,000. Finally, Reyes Financial Architecture Inc. purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $30,000. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CHRW. JPMorgan Chase & Co. lowered their price target on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Citigroup reaffirmed a “market outperform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a report on Thursday, July 30th. Truist Financial cut 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. Finally, TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One research 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 assigned a Sell rating to the company. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded down $1.14 during trading on Friday, reaching $141.17. The company had a trading volume of 1,251,746 shares, compared to its average volume of 2,104,193. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.41 and a 52 week high of $210.33. The firm’s 50-day simple moving average is $146.52 and its 200 day simple moving average is $166.95. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. 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 released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% on a year-over-year basis. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

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.