8,777 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by West Branch Capital LLC

Key Points

• West Branch Capital LLC initiated a position in C.H. Robinson Worldwide, purchasing 8,777 shares valued at approximately $1.3 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $190, despite several recent target reductions.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63 per share, yielding about 1.8%.

West Branch Capital LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,777 shares of the transportation company's stock, valued at approximately $1,299,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vann Equity Management LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $641,000. CWS Financial Advisors LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth $1,352,000. Argent Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $5,017,000. Cravens & Co Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $1,242,000. Finally, Birch Hill Investment Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $809,000. Institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group reissued a "buy" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Truist Financial lowered their price target on shares of 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. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price objective for the company. Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research note on Wednesday, October 14th. Finally, Robert W. Baird cut their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $190.00.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $140.57 on Wednesday. The stock has a market capitalization of $16.43 billion, a PE ratio of 26.83, a P/E/G ratio of 1.15 and a beta of 0.94. 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 business has a fifty day moving average price of $146.92 and a two-hundred day moving average price of $167.50. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its 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. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company's revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 EPS. As a group, equities analysts predict 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 disclosed 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 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio is currently 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.

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