5,204 Shares of C.H. Robinson Worldwide, Inc. $CHRW Acquired by Smith Shellnut Wilson LLC ADV

Smith Shellnut Wilson LLC ADV acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,204 shares of the transportation company’s stock, valued at approximately $770,000.

A number of other institutional investors have also modified their holdings of the business. Vann Equity Management LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $641,000. CWS Financial Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $1,352,000. Argent Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $5,017,000. Cravens & Co Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $1,242,000. Finally, Birch Hill Investment Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $809,000. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup reissued a “market outperform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Jefferies Financial Group restated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Truist Financial lowered 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 note on Wednesday, October 7th. Stephens dropped their target price on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a research note on Monday, October 12th. One 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Trading Up 0.3%

C.H. Robinson Worldwide stock opened at $140.95 on Thursday. 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 firm has a 50-day moving average price of $146.81 and a two-hundred day moving average price of $167.31. The firm has a market capitalization of $16.47 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33.

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. 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 during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% on a year-over-year basis. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm 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. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is currently 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 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.