Kennebec Savings Bank Purchases New Shares in C.H. Robinson Worldwide, Inc. $CHRW

Kennebec Savings Bank purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,765 shares of the transportation company’s stock, valued at approximately $853,000.

Several other hedge funds have also recently modified their holdings of CHRW. Vann Equity Management LLC purchased a new position in C.H. Robinson Worldwide during the third quarter worth about $641,000. CWS Financial Advisors LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $1,352,000. Argent Capital Management LLC purchased a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $5,017,000. Cravens & Co Advisors LLC acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $1,242,000. Finally, Birch Hill Investment Advisors LLC acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $809,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of analyst reports. Bank of America reissued a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a research note on Thursday, July 30th. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Truist Financial dropped their price objective on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $170.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Down 0.8%

CHRW stock opened at $141.17 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average price is $146.52 and its 200 day moving average price is $166.95. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.41 and a 52 week high of $210.33. The company has a market cap of $16.50 billion, a P/E ratio of 26.94, a P/E/G ratio of 1.18 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $1.29 earnings per share. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, research analysts expect 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 company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a dividend of $0.63 per share. 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 payout ratio is 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.