Shayne & Jacobs LLC Purchases New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Shayne & Jacobs LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,498 shares of the transportation company’s stock, valued at approximately $2,145,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Obermeyer Wealth Partners acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $479,000. Cardinal Point Capital Management ULC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth $10,742,000. Foster Victor Wealth Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth $20,332,000. Vest Financial LLC increased its stake in shares of C.H. Robinson Worldwide by 1.4% in the third quarter. Vest Financial LLC now owns 268,199 shares of the transportation company’s stock worth $41,049,000 after acquiring an additional 3,777 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $10,876,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of research reports. TD Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Raymond James Financial restated an “outperform” rating and issued a $170.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, October 15th. Truist Financial dropped their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Stifel Nicolaus set a $209.00 target price on C.H. Robinson Worldwide in a research report on Thursday, October 8th. Finally, Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Trading Up 0.3%

C.H. Robinson Worldwide stock opened at $140.95 on Thursday. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. The company’s fifty day moving average price is $146.81 and its two-hundred day moving average price is $167.31. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The company 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 (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 earnings per share. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend 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.