4,888 Shares of C.H. Robinson Worldwide, Inc. $CHRW Purchased by Triangle Securities Wealth Management

Triangle Securities Wealth Management acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,888 shares of the transportation company’s stock, valued at approximately $723,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Continuum Advisory LLC acquired a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $27,000. NBH Bank purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter worth approximately $29,000. Millstone Evans Group LLC lifted its holdings in 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 worth $27,000 after buying an additional 71 shares in the last quarter. Burkett Financial Services LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $25,000. Finally, Cornerstone Planning Group LLC lifted its holdings in 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 worth $31,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CHRW shares. Truist Financial decreased their price target on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Raymond James Financial set a $192.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Citigroup reiterated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price for the company. in a report on Monday. Finally, UBS Group reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.08.

C.H. Robinson Worldwide Stock Up 1.1%

Shares of NASDAQ:CHRW opened at $139.45 on Thursday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. The firm’s 50 day moving average price is $147.45 and its 200 day moving average price is $168.17. 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 stock has a market cap of $16.29 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.14 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly 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. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The firm’s revenue was up 19.3% on a year-over-year basis. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $0.63 dividend. 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 dividend payout ratio (DPR) 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 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.