8,224 Shares of C.H. Robinson Worldwide, Inc. $CHRW Acquired by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 8,224 shares of the transportation company’s stock, valued at approximately $1,217,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vann Equity Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $641,000. Alkeme Wealth LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $1,473,000. Chickasaw Capital Management LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at about $2,113,000. Veery Capital LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $271,000. Finally, Winebrenner Capital Management LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $165,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Up 3.3%

NASDAQ:CHRW traded up $4.42 during trading hours on Thursday, reaching $139.60. The company’s stock had a trading volume of 694,416 shares, compared to its average volume of 1,970,774. The company has a market capitalization of $16.31 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 1.13 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. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a 50 day moving average price of $148.44 and a two-hundred day moving average price of $169.17.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.29 earnings per share. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of research reports. Citizens Jmp assumed coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target for the company. UBS Group restated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Truist Financial lowered their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday. Stifel Nicolaus set a $209.00 price target on C.H. Robinson Worldwide in a research report on Thursday. Finally, BMO Capital Markets raised their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.76.

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.