Truist Financial Corp Boosts Stake in C.H. Robinson Worldwide, Inc. $CHRW

Truist Financial Corp increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,444 shares of the transportation company’s stock after buying an additional 5,310 shares during the quarter. Truist Financial Corp owned about 0.08% of C.H. Robinson Worldwide worth $15,183,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at about $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide during the second quarter worth $30,000. Clearstead Advisors LLC lifted its position in C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 128 shares during the period. Arlington Trust Co LLC acquired a new position in C.H. Robinson Worldwide during the third quarter valued at $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter valued at $34,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $200.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Weiss Ratings raised shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Wolfe Research restated an “outperform” rating and set a $188.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 8th. TD Cowen upped their price objective on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Stifel Nicolaus increased their target price on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $192.27.

C.H. Robinson Worldwide Trading Up 1.6%

Shares of NASDAQ:CHRW opened at $171.37 on Friday. The business’s 50 day moving average price is $175.07 and its 200-day moving average price is $168.24. C.H. Robinson Worldwide, Inc. has a 1 year low of $87.41 and a 1 year high of $203.34. The firm has a market capitalization of $20.20 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.53.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share. On average, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.07 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 8,579 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $200.52, for a total value of $1,720,261.08. Following the sale, the insider directly owned 55,611 shares of the company’s stock, valued at $11,151,117.72. The trade was a 13.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael D. Castagnetto purchased 594 shares of the stock in a transaction dated Thursday, February 12th. The stock was purchased at an average cost of $168.24 per share, for a total transaction of $99,934.56. Following the completion of the purchase, the insider directly owned 35,488 shares of the company’s stock, valued at approximately $5,970,501.12. The trade was a 1.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 2,422 shares of company stock worth $400,801 in the last three months. 0.37% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.