21,585 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Radnor Capital Management LLC

Key Points

• Radnor Capital Management acquired 21,585 shares of C.H. Robinson Worldwide worth approximately $3.2 million during the third quarter. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $190, compared with the stock’s recent opening price of $141.17.
• C.H. Robinson reported quarterly earnings of $1.61 per share and revenue of $4.93 billion, exceeding estimates, while revenue increased 19.3% year over year. The company also pays a quarterly dividend of $0.63, representing a 1.8% yield.

Radnor Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund bought 21,585 shares of the transportation company's stock, valued at approximately $3,194,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $579,922,000. Dimensional Fund Advisors LP increased its stake in shares of C.H. Robinson Worldwide by 2.4% during 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 last quarter. Bank of America Corp DE raised its holdings 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 stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth approximately $172,626,000. Finally, Hamlin Capital Management LLC purchased a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $123,176,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several research reports. Raymond James Financial reissued an "outperform" rating and set a $170.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 15th. Citigroup restated a "market outperform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Truist Financial dropped their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, October 7th. Freedom Capital upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Finally, TD Cowen reissued 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 given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and an average target price of $190.00.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $141.17 on Friday. C.H. Robinson Worldwide, Inc. has a one year low of $125.41 and a one year high of $210.33. The business has a fifty day moving average price of $146.52 and a 200-day moving average price of $166.95. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $16.50 billion, a P/E ratio of 26.94, a PEG ratio of 1.17 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly 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 firm had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The business's quarterly revenue was up 19.3% on a year-over-year basis. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide's payout ratio is currently 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.

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