C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,805 shares of the transportation company’s stock, valued at approximately $1,007,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Continuum Advisory LLC bought a new stake in C.H. Robinson Worldwide in the second quarter worth $27,000. NBH Bank bought a new position in C.H. Robinson Worldwide during the second quarter valued at $29,000. Millstone Evans Group LLC increased its position in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Burkett Financial Services LLC bought a new position in C.H. Robinson Worldwide during the third quarter valued at $25,000. Finally, Cornerstone Planning Group LLC raised its stake 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. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. BMO Capital Markets cut their price target on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a report on Friday. UBS Group reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Truist Financial reduced their price objective 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. One equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Price Performance

CHRW opened at $138.85 on Tuesday. The business has a fifty day moving average of $147.01 and a 200 day moving average of $167.70. 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 stock has a market cap of $16.22 billion, a P/E ratio of 26.50, a PEG ratio of 1.16 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results 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. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the firm posted $1.29 earnings per share. The business’s revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s 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.