C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Bought by Towercrest Capital Management

Towercrest Capital Management bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,924 shares of the transportation company’s stock, valued at approximately $581,000.

A number of other large investors have also made changes to their positions in the company. Vann Equity Management LLC bought a new position in C.H. Robinson Worldwide in the third quarter worth approximately $641,000. CWS Financial Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $1,352,000. Argent Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth $5,017,000. Cravens & Co Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $1,242,000. Finally, Birch Hill Investment Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $809,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of recent research reports. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Robert W. Baird cut their price target on 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. 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, October 6th. Truist Financial decreased their price objective on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Finally, JPMorgan Chase & Co. lowered their price objective on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded down $1.14 during midday trading on Friday, reaching $141.17. The stock had a trading volume of 1,251,746 shares, compared to its average volume of 2,104,193. The stock has a 50-day moving average of $146.52 and a 200-day moving average of $166.95. 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 company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.41 and a 12-month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm earned $1.29 EPS. The company’s revenue was up 19.3% on a year-over-year basis. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 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.