Mirabella Financial Services LLP Acquires 7,450 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mirabella Financial Services LLP increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) by 41.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,346 shares of the transportation company’s stock after buying an additional 7,450 shares during the period. Mirabella Financial Services LLP’s holdings in C.H. Robinson Worldwide were worth $2,503,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CHRW. American Century Companies Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 11.1% during the 1st quarter. American Century Companies Inc. now owns 8,782 shares of the transportation company’s stock worth $946,000 after buying an additional 880 shares during the period. Private Advisor Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth $207,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of C.H. Robinson Worldwide by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,393 shares of the transportation company’s stock worth $1,873,000 after buying an additional 1,077 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 1.6% during the 1st quarter. Yousif Capital Management LLC now owns 23,349 shares of the transportation company’s stock worth $2,515,000 after buying an additional 365 shares during the period. Finally, Raymond James Trust N.A. boosted its holdings in shares of C.H. Robinson Worldwide by 12.8% during the 1st quarter. Raymond James Trust N.A. now owns 3,657 shares of the transportation company’s stock worth $394,000 after buying an additional 414 shares during the period. 96.01% of the stock is owned by institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Jordan T. Kass sold 5,276 shares of the firm’s stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $97.73, for a total value of $515,623.48. Following the completion of the sale, the insider now owns 45,603 shares in the company, valued at approximately $4,456,781.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.64% of the company’s stock.

C.H. Robinson Worldwide Trading Up 3.7 %

Shares of C.H. Robinson Worldwide stock opened at $93.31 on Monday. The stock has a market capitalization of $10.98 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 1.85 and a beta of 0.76. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.85. The company has a 50-day simple moving average of $94.58 and a 200 day simple moving average of $101.08. C.H. Robinson Worldwide, Inc. has a 12-month low of $86.57 and a 12-month high of $121.23.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The transportation company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.37). The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.37 billion. C.H. Robinson Worldwide had a return on equity of 54.77% and a net margin of 4.11%. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 7.84 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Friday, December 2nd were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, December 1st. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.55. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 29.61%.

Analysts Set New Price Targets

Several equities analysts recently commented on CHRW shares. Citigroup cut their target price on shares of C.H. Robinson Worldwide from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Thursday, November 3rd. Cowen cut shares of C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and cut their target price for the company from $106.00 to $91.00 in a research note on Thursday. UBS Group cut shares of C.H. Robinson Worldwide from a “neutral” rating to a “sell” rating and cut their target price for the company from $90.00 to $81.00 in a research note on Wednesday, January 4th. Bank of America cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and cut their target price for the company from $104.00 to $95.00 in a research note on Wednesday, January 4th. Finally, Jefferies Financial Group started coverage on shares of C.H. Robinson Worldwide in a research note on Monday, October 24th. They set a “hold” rating and a $100.00 target price for the company. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and an average target price of $104.46.

About C.H. Robinson Worldwide

(Get Rating)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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