McGlone Suttner Opens Position in C.H. Robinson Worldwide
McGlone Suttner Wealth Management bought 7,973 C.H. Robinson Worldwide shares in the third quarter, a new position valued at about $1.18 million. Analysts have a Moderate Buy consensus with an average price target of $192.08. The transportation company reported quarterly EPS of $1.61, beating estimates, and revenue of $4.93 billion, up 19.3% year over year.
McGlone Suttner’s third-quarter filing disclosed a new 7,973-share stake in C.H. Robinson, worth roughly $1.18 million. Other institutional moves included Sax Wealth Advisors raising its holding by 869.6% to 14,718 shares, plus new positions from Grove Street Fiduciary, Fragasso Financial Advisors, Terra Nova Asset Management, and Fermata Advisors. Institutions hold 93.15% of shares.
Analysts’ consensus stands at Moderate Buy with a $192.08 average target, based on one Strong Buy, sixteen Buy, seven Hold, and one Sell rating. The company posted $1.61 quarterly EPS and $4.93 billion revenue, up 19.3% yearly, and pays a $0.63 quarterly dividend. The stock recently traded at $136.92, down $2.83.
This filing may matter mainly to investors tracking institutional flows, as a single wealth manager’s $1.18 million stake is modest but can signal confidence in the logistics sector. Retail shareholders could weigh it alongside analyst targets and recent earnings. Because C.H. Robinson helps move freight, its results and stock moves may indirectly affect businesses and consumers reliant on supply chains, though one quarter’s position change is unlikely to reshape broader market conditions.