5,858 Shares of C.H. Robinson Worldwide, Inc. $CHRW Purchased by Cypress Wealth Services LLC

Cypress Wealth Services LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,858 shares of the transportation company’s stock, valued at approximately $867,000.

A number of other large investors have also added to or reduced their stakes in CHRW. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $579,922,000. Bank of New York Mellon Corp purchased a new position in C.H. Robinson Worldwide in the second quarter worth $172,626,000. Hamlin Capital Management LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth $123,176,000. Vontobel Holding Ltd. increased its holdings in shares of C.H. Robinson Worldwide by 47,894.2% during the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock valued at $122,993,000 after acquiring an additional 829,527 shares in the last quarter. Finally, Sei Investments Co. increased its stake in C.H. Robinson Worldwide by 532.7% during the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock valued at $109,594,000 after purchasing an additional 555,631 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on CHRW shares. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Bank of America restated a “buy” rating and issued a $203.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Truist Financial decreased their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Finally, Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Up 0.3%

Shares of CHRW stock opened at $140.95 on Thursday. C.H. Robinson Worldwide, Inc. has a twelve month low of $125.35 and a twelve month high of $210.33. The stock has a market cap of $16.47 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.17 and a beta of 0.94. The stock has a 50 day moving average of $146.81 and a 200 day moving average of $167.31. 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 (NASDAQ:CHRW) last released its quarterly earnings data 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 return on equity of 38.36% and a net margin of 3.73%. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the firm posted $1.29 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced 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. This represents a $2.52 annualized dividend 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 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 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.