Belpointe Asset Management LLC Takes $223,000 Position in C.H. Robinson Worldwide, Inc. $CHRW

Belpointe Asset Management LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,180 shares of the transportation company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in C.H. Robinson Worldwide by 0.4% during the first quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company’s stock worth $1,493,645,000 after acquiring an additional 51,207 shares during the period. Boston Partners bought a new position in C.H. Robinson Worldwide during the first quarter worth $234,304,000. Invesco Ltd. increased its position in C.H. Robinson Worldwide by 8.4% during the first quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company’s stock worth $234,058,000 after acquiring an additional 176,374 shares during the period. Northern Trust Corp increased its position in C.H. Robinson Worldwide by 30.3% during the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock worth $174,393,000 after acquiring an additional 396,264 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in C.H. Robinson Worldwide by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,415,669 shares of the transportation company’s stock worth $144,965,000 after acquiring an additional 16,068 shares during the period. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CHRW shares. Stifel Nicolaus boosted their target price on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Barclays reiterated an “underweight” rating and set a $95.00 price target (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Wells Fargo & Company lifted their price target on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, Wolfe Research upgraded shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $117.24.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Arun Rajan sold 2,500 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider directly owned 130,591 shares of the company’s stock, valued at $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,577 shares of company stock valued at $1,714,544. 0.91% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Stock Up 0.6%

Shares of NASDAQ CHRW opened at $133.27 on Tuesday. The firm’s 50-day simple moving average is $115.43 and its 200 day simple moving average is $102.27. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 2.08 and a beta of 0.87. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $134.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 EPS. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide’s payout ratio is currently 56.49%.

C.H. Robinson Worldwide 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.