Mutual Advisors LLC Raises Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mutual Advisors LLC increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,544 shares of the transportation company’s stock after acquiring an additional 225 shares during the quarter. Mutual Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $1,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its position in shares of C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after acquiring an additional 443 shares during the period. Chesapeake Capital Corp IL purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth $835,000. Northstar Advisory Group LLC bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $587,000. JPMorgan Chase & Co. lifted its holdings in shares of C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after buying an additional 36,769 shares during the period. Finally, Contravisory Investment Management Inc. bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $543,000. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 17th. TD Cowen boosted their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Stifel Nicolaus increased their price target on C.H. Robinson Worldwide from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Thursday. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $118.00 to $130.00 in a report on Monday, December 9th. Finally, UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $140.00 in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.71.

Insider Activity

In other news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $108.16 on Friday. The company’s fifty day moving average price is $105.88 and its 200 day moving average price is $103.27. The company has a market capitalization of $12.79 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the firm posted $0.84 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.39 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 Thursday, January 2nd. Shareholders of record on Friday, December 6th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.29%. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.