CX Institutional Acquires New Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

CX Institutional bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 898 shares of the transportation company’s stock, valued at approximately $92,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. National Pension Service purchased a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $25,000. NBC Securities Inc. bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth $27,000. First Financial Corp IN purchased a new position in C.H. Robinson Worldwide in the first quarter worth $31,000. Proficio Capital Partners LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at $33,000. Finally, Mainstream Capital Management LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 5,700 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider now directly owns 71,441 shares of the company’s stock, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Trading Up 0.3%

Shares of CHRW opened at $93.86 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.16 and a beta of 0.90. The firm’s 50-day moving average price is $93.48 and its 200-day moving average price is $98.95. C.H. Robinson Worldwide, Inc. has a 1-year low of $83.23 and a 1-year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.64%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 59.33%.

Analyst Ratings Changes

Several brokerages have recently commented on CHRW. Citigroup reduced their price objective on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Raymond James lowered their price objective on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an “outperform” rating for the company in a report on Friday, April 11th. TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Susquehanna decreased their target price on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a “positive” rating on the stock in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a “buy” rating and a $129.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.29.

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.