6,960 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by James J. Burns & Company LLC

James J. Burns & Company LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,960 shares of the transportation company’s stock, valued at approximately $1,030,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHRW. Continuum Advisory LLC purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter worth approximately $27,000. NBH Bank acquired a new stake in C.H. Robinson Worldwide during the second quarter worth about $29,000. Millstone Evans Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $25,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.8%

NASDAQ:CHRW traded down $1.14 on Friday, reaching $141.17. 1,251,746 shares of the stock traded hands, compared to its average volume of 2,104,193. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.18 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $125.41 and a 12 month high of $210.33. The company’s fifty day simple moving average is $146.52 and its 200 day simple moving average is $166.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (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 for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is 48.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CHRW shares. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Raymond James Financial reiterated an “outperform” rating and set a $170.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 15th. Truist Financial dropped their price target on shares of 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. Robert W. Baird decreased their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Finally, Citigroup reiterated a “market outperform” 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Company 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.