25,082 Shares of C.H. Robinson Worldwide, Inc. $CHRW Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 25,082 shares of the transportation company’s stock, valued at approximately $3,711,000.

Several other institutional investors also recently bought and sold shares of CHRW. IFP Advisors Inc grew its position in C.H. Robinson Worldwide by 2,480.3% during the 3rd quarter. IFP Advisors Inc now owns 51,528 shares of the transportation company’s stock worth $7,624,000 after acquiring an additional 49,531 shares during the last quarter. Founders Grove Wealth Partners LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $686,000. CRA Financial Services LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $502,000. Finer Wealth Management Inc. purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $186,000. Finally, Strata Wealth Advisors LLC bought a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $462,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 3.0%

C.H. Robinson Worldwide stock opened at $139.49 on Friday. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.35 and a 12 month high of $210.33. The business’s fifty day simple moving average is $147.20 and its two-hundred day simple moving average is $167.85.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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 return on equity of 38.36% and a net margin of 3.73%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. As a group, equities analysts predict 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 business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given 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 presently 48.09%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CHRW. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Citizens Jmp assumed 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 on the stock. Truist Financial decreased their target price on shares of 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. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Robert W. Baird lowered their price target on shares of 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $190.00.

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 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.