8,851 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Whitener Capital Management Inc.

Whitener Capital Management Inc. acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,851 shares of the transportation company’s stock, valued at approximately $1,310,000.

Several other institutional investors have also recently modified their holdings of the company. Dogwood Wealth Management LLC raised its stake in shares of 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 purchasing an additional 65 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in C.H. Robinson Worldwide by 57.3% in the first 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 boosted its position in C.H. Robinson Worldwide by 79.8% in the first 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 boosted its position in C.H. Robinson Worldwide by 8.7% in the first 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 increased its holdings in C.H. Robinson Worldwide by 10.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after buying an additional 82 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CHRW. Citigroup restated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. BMO Capital Markets upped their price objective on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Citizens Jmp assumed coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price objective on the stock. Truist Financial cut their price objective on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Finally, Bank of America reissued a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $191.20.

C.H. Robinson Worldwide Stock Up 3.1%

Shares of CHRW opened at $143.82 on Friday. 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 quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $16.81 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.16 and a beta of 0.94. The stock’s 50-day moving average price is $147.40 and its 200-day moving average price is $168.05.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion for 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%. C.H. Robinson Worldwide’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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