C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by Wolff Financial Management LLC

Wolff Financial Management LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,523 shares of the transportation company’s stock, valued at approximately $669,000.

Other institutional investors have also added to or reduced their stakes in the company. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $579,922,000. Dimensional Fund Advisors LP lifted its position in shares of C.H. Robinson Worldwide by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after purchasing an additional 25,674 shares during the period. Bank of America Corp DE lifted its position in shares of C.H. Robinson Worldwide by 13.7% in the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after purchasing an additional 127,103 shares during the period. Bank of New York Mellon Corp bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $172,626,000. Finally, Hamlin Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $123,176,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports 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 report on Wednesday, October 7th. Evercore set a $217.00 target price on C.H. Robinson Worldwide in a report on Tuesday, October 6th. Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Weiss Ratings cut C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Finally, TD Cowen reiterated a “hold” rating 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 issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $141.17 on Friday. The firm has a market cap of $16.50 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.17 and a beta of 0.94. The firm has a 50-day simple moving average of $146.52 and a two-hundred day simple moving average of $166.95. C.H. Robinson Worldwide, Inc. has a one year low of $125.41 and a one year 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share 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 business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the business earned $1.29 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 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 dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is presently 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 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.