Tanager Wealth Management LLP Acquires New Position in C.H. Robinson Worldwide, Inc. $CHRW

Tanager Wealth Management LLP acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, HoldingsChannel reports. The firm acquired 12,544 shares of the transportation company’s stock, valued at approximately $1,856,000.

A number of other institutional investors and hedge funds have also modified their holdings of CHRW. Vann Equity Management LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth $641,000. CWS Financial Advisors LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $1,352,000. Argent Capital Management LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $5,017,000. Cravens & Co Advisors LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $1,242,000. Finally, Birch Hill Investment Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $809,000. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CHRW shares. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. Jefferies Financial Group reissued a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Bank of America reissued a “buy” rating and issued a $203.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. 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 report on Wednesday, October 7th. Finally, Stephens cut their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded down $0.64 during trading hours on Monday, reaching $138.85. The company had a trading volume of 1,228,658 shares, compared to its average volume of 1,978,217. The stock has a 50-day moving average of $147.20 and a two-hundred day moving average of $167.89. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. The firm has a market capitalization of $16.22 billion, a PE ratio of 26.50, a PEG ratio of 1.16 and a beta of 0.94. The company has a quick ratio of 1.58, a current 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 earnings per share. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a dividend of $0.63 per share. The ex-dividend date 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 (DPR) is 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.