Turtle Creek Wealth Advisors LLC Buys 58,639 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Turtle Creek Wealth Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, HoldingsChannel reports. The firm acquired 58,639 shares of the transportation company’s stock, valued at approximately $8,676,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. Dogwood Wealth Management LLC lifted its holdings in C.H. Robinson Worldwide by 37.8% during the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 65 shares during the last quarter. Cornerstone Planning Group LLC raised 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 purchasing an additional 67 shares during the period. Millstone Evans Group LLC lifted its stake in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares in the last quarter. Root Financial Partners LLC boosted its holdings in C.H. Robinson Worldwide by 8.7% in the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after buying an additional 75 shares during the period. Finally, Elevated Capital Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 10.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after buying an additional 82 shares during the period. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CHRW shares. Susquehanna boosted their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. 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. BMO Capital Markets raised their price target on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. 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, Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $191.20.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded up $1.64 during trading hours on Thursday, hitting $141.09. The stock had a trading volume of 523,777 shares, compared to its average volume of 1,968,072. The company has a 50 day simple moving average of $147.45 and a two-hundred day simple moving average of $168.17. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.14 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping 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 analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The business’s quarterly revenue was up 19.3% on a year-over-year basis. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a 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.