C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by Whalen Wealth Management Inc.

Key Points

• Whalen Wealth Management purchased 8,224 C.H. Robinson shares worth approximately $1.22 million during the third quarter. Several other institutions also initiated positions, with institutional investors collectively owning 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a quarterly dividend of $0.63, equivalent to a 1.8% annual yield.
• Shares recently traded at $139.60, well below their 12-month high of $210.33. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $194.76.

Whalen Wealth Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,224 shares of the transportation company's stock, valued at approximately $1,217,000.

Several other institutional investors have also recently made changes to their positions in CHRW. Vann Equity Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $641,000. Alkeme Wealth LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $1,473,000. Chickasaw Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $2,113,000. Veery Capital LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $271,000. Finally, Winebrenner Capital Management LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter valued at approximately $165,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $4.42 during mid-day trading on Thursday, reaching $139.60. The stock had a trading volume of 694,416 shares, compared to its average volume of 1,970,774. The business has a fifty day moving average of $148.44 and a 200 day moving average of $169.17. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The business's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 earnings per share. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 48.09%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CHRW shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Sanford C. Bernstein restated a "market perform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday. Citizens Jmp began coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 target price for the company. Susquehanna upped their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research note on Tuesday, July 14th. Finally, TD Cowen reiterated a "hold" rating on shares of C.H. Robinson Worldwide in a report on Tuesday. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $194.76.

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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