6,599 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Bill Few Associates Inc.

Bill Few Associates Inc. bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 6,599 shares of the transportation company’s stock, valued at approximately $976,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC increased its position in C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after buying an additional 65 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 67 shares during the period. Millstone Evans Group LLC grew its stake in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Root Financial Partners LLC increased its position in C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after acquiring an additional 75 shares during the period. Finally, Elevated Capital Advisors LLC raised its stake in C.H. Robinson Worldwide by 10.9% during the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America restated a “buy” rating and issued a $203.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday. Truist Financial reduced their price objective on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Wolfe Research set a $196.00 target price on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $194.76.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $0.97 during trading hours on Friday, hitting $142.31. The company had a trading volume of 1,888,816 shares, compared to its average volume of 1,979,632. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The firm has a market capitalization of $16.63 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.13 and a beta of 0.94. The firm’s fifty day moving average is $148.33 and its 200 day moving average is $168.98. 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 posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The business 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%.C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.21 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. Stockholders of record on Friday, September 4th were paid a $0.63 dividend. 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 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 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.