Perryman Financial Advisory Inc. AD Makes New $737,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

Perryman Financial Advisory Inc. AD acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, HoldingsChannel reports. The fund acquired 4,980 shares of the transportation company’s stock, valued at approximately $737,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Howard Capital Management LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth $1,665,000. Goelzer Investment Management Inc. boosted its position in shares of C.H. Robinson Worldwide by 294.0% in the third quarter. Goelzer Investment Management Inc. now owns 27,353 shares of the transportation company’s stock valued at $4,047,000 after acquiring an additional 20,410 shares during the period. Annex Advisory Services LLC bought a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $38,692,000. Vanguard Capital Wealth Advisors bought a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $441,000. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at about $10,876,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CHRW. Jefferies Financial Group reaffirmed a “buy” rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Wall Street Zen upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday. 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 report on Wednesday, October 7th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $190.00.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded down $4.33 during trading hours on Friday, hitting $139.49. 3,653,853 shares of the company were exchanged, compared to its average volume of 2,115,310. The company has a market cap of $16.30 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.19 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. 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’s fifty day moving average is $147.20 and its 200 day moving average is $167.85.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion for 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%. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the business earned $1.29 earnings per share. On average, equities analysts anticipate 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 company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is presently 48.09%.

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.