C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 131.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,124 shares of the transportation company’s stock after purchasing an additional 2,342 shares during the quarter. Coldstream Capital Management Inc.’s holdings in C.H. Robinson Worldwide were worth $397,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CHRW. WPG Advisers LLC acquired a new stake in C.H. Robinson Worldwide during the first quarter valued at $32,000. FNY Investment Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide in the second quarter worth about $38,000. National Pension Service boosted its stake in shares of C.H. Robinson Worldwide by 74.4% during the 1st quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after acquiring an additional 183 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in shares of C.H. Robinson Worldwide by 203.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 299 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $51,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHRW has been the subject of a number of analyst reports. Barclays upped their price target on C.H. Robinson Worldwide from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. Truist Financial boosted their price objective on C.H. Robinson Worldwide from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Robert W. Baird raised C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Thursday, July 31st. Stifel Nicolaus lifted their price target on shares of C.H. Robinson Worldwide from $111.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Morgan Stanley boosted their price target on shares of C.H. Robinson Worldwide from $71.00 to $77.00 and gave the stock an “underweight” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.00.

C.H. Robinson Worldwide Trading Up 1.4%

Shares of CHRW opened at $159.54 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $160.27. The stock has a market cap of $18.85 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The firm’s fifty day moving average is $139.86 and its two-hundred day moving average is $118.81. 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 (NASDAQ:CHRW) last released its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the company posted $1.28 EPS. The business’s revenue was down 10.9% on a year-over-year basis. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, December 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s payout ratio is presently 51.12%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 45,266 shares of the firm’s 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 completion of the sale, the insider directly owned 34,046 shares in the company, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the transaction, the insider directly owned 65,728 shares in the company, valued at $9,840,138.88. This trade represents a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.47% of the stock is owned by insiders.

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.