Avity Investment Management Inc. Makes New $689,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

Avity Investment Management Inc. acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,656 shares of the transportation company’s stock, valued at approximately $689,000.

Other large investors have also recently bought and sold shares of the company. Peoples Bank KS acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $424,000. Riversedge Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $510,000. Wedmont Private Capital raised its holdings in C.H. Robinson Worldwide by 3,225.5% during the third quarter. Wedmont Private Capital now owns 44,761 shares of the transportation company’s stock worth $6,623,000 after purchasing an additional 43,415 shares in the last quarter. Delta Wealth Advisors LLC bought a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $217,000. Finally, Intelligence Driven Advisers LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter worth approximately $184,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHRW. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. Truist Financial cut 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 report on Wednesday. Finally, BMO Capital Markets raised 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 research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.76.

C.H. Robinson Worldwide Trading Up 0.7%

NASDAQ CHRW traded up $0.97 on Friday, hitting $142.31. 1,888,816 shares of the company were exchanged, compared to its average volume of 1,979,632. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. C.H. Robinson Worldwide, Inc. has a twelve month low of $123.64 and a twelve month high of $210.33. The firm has a market capitalization of $16.63 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. The company’s 50 day moving average price is $148.33 and its 200-day moving average price is $168.98.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share 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 business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm posted $1.29 earnings per share. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share 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. Shareholders of record on Friday, September 4th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio 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 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.