SIMA Wealth Partners LLC Purchases New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

SIMA Wealth Partners LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 4,322 shares of the transportation company’s stock, valued at approximately $639,000. C.H. Robinson Worldwide makes up 0.4% of SIMA Wealth Partners LLC’s holdings, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sculati Wealth Management LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at $178,000. Foguth Wealth Management LLC. acquired a new stake in C.H. Robinson Worldwide during the third quarter worth about $332,000. Blankinship & Foster LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $297,000. Client 1ST Advisory Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $494,000. Finally, First Bank & Trust lifted its stake in shares of C.H. Robinson Worldwide by 1,596.6% in the 3rd quarter. First Bank & Trust now owns 34,967 shares of the transportation company’s stock valued at $5,174,000 after purchasing an additional 32,906 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Truist Financial reduced their price target on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Janney Montgomery Scott set a $155.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Finally, Robert W. Baird cut 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 note on Tuesday, July 28th. One research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Down 0.6%

Shares of NASDAQ:CHRW traded down $0.80 during trading on Monday, hitting $138.69. The company’s stock had a trading volume of 396,829 shares, compared to its average volume of 1,973,877. The company has a market capitalization of $16.21 billion, a PE ratio of 26.50, a PEG ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. 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’s 50-day moving average price is $147.20 and its two-hundred day moving average price is $167.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results 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 company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations 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 was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 EPS. 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 business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued 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 currently 48.09%.

C.H. Robinson Worldwide 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.