73,509 Shares of C.H. Robinson Worldwide, Inc. $CHRW Purchased by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, Holdings Channel.com reports. The fund bought 73,509 shares of the transportation company’s stock, valued at approximately $10,876,000.

Other institutional investors have also modified their holdings of the company. BostonPremier Wealth LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter worth about $1,109,000. Manuka Financial LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at about $179,000. Riverbend Wealth Management LLC purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $520,000. Patriot Investment Management Group Inc. bought a new position in C.H. Robinson Worldwide in the third quarter worth about $523,000. Finally, Goldstein Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $514,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 3.0%

C.H. Robinson Worldwide stock opened at $139.49 on Friday. 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, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.19 and a beta of 0.94. The stock has a 50-day moving average price of $147.20 and a 200 day moving average price of $167.85.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $1.29 EPS. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CHRW shares. Bank of America restated 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. Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday. Truist Financial decreased their price objective 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. Weiss Ratings cut C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price objective for the company. in a research report on Monday, October 12th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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 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.