C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,654 shares of the transportation company’s stock after acquiring an additional 7,061 shares during the quarter. AE Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $4,764,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. M&T Bank Corp lifted its stake in shares of C.H. Robinson Worldwide by 1.7% in the first quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock valued at $892,000 after purchasing an additional 144 shares during the period. Xponance Inc. grew its position in C.H. Robinson Worldwide by 1.6% during the first quarter. Xponance Inc. now owns 18,365 shares of the transportation company’s stock worth $1,881,000 after buying an additional 294 shares during the period. Schechter Investment Advisors LLC purchased a new position in C.H. Robinson Worldwide in the first quarter valued at about $312,000. MQS Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $443,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of C.H. Robinson Worldwide by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 54,749 shares of the transportation company’s stock valued at $5,606,000 after acquiring an additional 221 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the transaction, the insider directly owned 34,046 shares in the company, valued at $5,164,778.20. This represents a 57.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Arun Rajan sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the sale, the insider directly owned 130,591 shares in the company, valued at $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Stock Up 0.8%

Shares of NASDAQ CHRW opened at $149.44 on Monday. The firm has a market cap of $17.65 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $158.70. The firm’s 50 day moving average price is $133.38 and its 200 day moving average price is $112.93.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the firm posted $1.28 EPS. C.H. Robinson Worldwide’s revenue was down 10.9% on a year-over-year basis. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.7%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.12%.

Analyst Upgrades and Downgrades

CHRW has been the subject of several research analyst reports. Barclays raised their price objective on C.H. Robinson Worldwide from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Sanford C. Bernstein reissued a “market perform” rating and issued a $135.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Bank of America raised their price target on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. UBS Group boosted their price objective on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Robert W. Baird raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.00.

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.