Woodward Diversified Capital LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Woodward Diversified Capital LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,070 shares of the transportation company’s stock, valued at approximately $1,194,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Lmcg Investments LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $1,208,000. Courage Miller Partners LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at about $222,000. Crescent Grove Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth approximately $760,000. Shayne & Jacobs LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $2,145,000. Finally, Obermeyer Wealth Partners acquired a new stake in C.H. Robinson Worldwide in the third quarter worth about $479,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Susquehanna lifted their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 target price on the stock. in a report on Monday, October 12th. JPMorgan Chase & Co. lowered their price objective on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Stephens dropped their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Finally, Truist Financial cut their price objective 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. 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 given a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $140.95 on Thursday. The stock has a market cap of $16.47 billion, a PE ratio of 26.90, a P/E/G ratio of 1.17 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 firm has a 50-day moving average of $146.81 and a 200-day moving average of $167.31. C.H. Robinson Worldwide, Inc. has a 52-week low of $125.35 and a 52-week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 EPS. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company 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 was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

About C.H. Robinson Worldwide

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.