C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 146.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 142,687 shares of the transportation company’s stock after acquiring an additional 84,893 shares during the period. Yousif Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $21,112,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Seven Mile Advisory bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $287,000. BIP Wealth LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $1,438,000. Parthenon LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $4,360,000. MLP3 LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth approximately $180,000. Finally, Private Wealth Partners LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth approximately $1,390,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several analyst reports. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target for the company. Truist Financial reduced 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 report on Wednesday, October 7th. BMO Capital Markets decreased their price target on shares of C.H. Robinson Worldwide from $190.00 to $160.00 and set a “market perform” rating on the stock in a report on Friday, October 16th. Stifel Nicolaus set a $209.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, October 8th. Finally, Raymond James Financial reissued an “outperform” rating and set a $170.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 15th. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock traded down $1.14 during mid-day trading on Friday, hitting $141.17. 1,251,746 shares of the company traded hands, compared to its average volume of 2,104,193. C.H. Robinson Worldwide, Inc. has a one year low of $125.41 and a one year high of $210.33. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a fifty day moving average price of $146.52 and a 200-day moving average price of $166.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released 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 business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. 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 company earned $1.29 EPS. On average, equities analysts predict 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. This represents a $2.52 dividend on an annualized basis 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 currently 48.09%.

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.