8,851 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Whitener Capital Management Inc.

Key Points

• Whitener Capital Management acquired 8,851 C.H. Robinson shares worth approximately $1.31 million during the third quarter. Institutional investors own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $191.20. The company also pays a quarterly dividend of $0.63 per share, yielding about 1.8% annually.

Whitener Capital Management Inc. acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,851 shares of the transportation company's stock, valued at approximately $1,310,000.

Other large investors have also recently modified their holdings of the company. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $248,000. R2 Capital Strategies LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $284,000. V Square Quantitative Management LLC increased its position in shares of C.H. Robinson Worldwide by 17.9% during the third quarter. V Square Quantitative Management LLC now owns 4,182 shares of the transportation company's stock worth $619,000 after purchasing an additional 635 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of C.H. Robinson Worldwide by 6,474.7% during the third quarter. AdvisorNet Financial Inc now owns 26,496 shares of the transportation company's stock worth $3,920,000 after purchasing an additional 26,093 shares in the last quarter. Finally, Community Trust & Investment Co. purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $3,377,000. Institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CHRW shares. TD Cowen reissued a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Freedom Capital upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 target price on the stock. in a research report on Monday. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Finally, Bank of America reiterated a "buy" rating and issued a $203.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.20.

C.H. Robinson Worldwide Stock Up 3.1%

CHRW stock opened at $143.82 on Friday. The stock has a market capitalization of $16.81 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a 50 day moving average of $147.40 and a 200 day moving average of $168.05.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly 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 business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the business posted $1.29 EPS. C.H. Robinson Worldwide's revenue for the quarter was up 19.3% compared to the same quarter last year. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed 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. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide's payout ratio is presently 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.

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