Charles Schwab Investment Management Inc. Purchases 15,530 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Charles Schwab Investment Management Inc. raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,177,099 shares of the transportation company’s stock after buying an additional 15,530 shares during the period. Charles Schwab Investment Management Inc. owned 1.00% of C.H. Robinson Worldwide worth $112,943,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. HB Wealth Management LLC grew its position in C.H. Robinson Worldwide by 43.8% during the 1st quarter. HB Wealth Management LLC now owns 3,698 shares of the transportation company’s stock worth $379,000 after acquiring an additional 1,127 shares during the last quarter. LPL Financial LLC increased its stake in shares of C.H. Robinson Worldwide by 9.7% in the first quarter. LPL Financial LLC now owns 61,072 shares of the transportation company’s stock valued at $6,254,000 after buying an additional 5,424 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of C.H. Robinson Worldwide by 10.6% in the first quarter. Federated Hermes Inc. now owns 42,740 shares of the transportation company’s stock valued at $4,377,000 after buying an additional 4,082 shares during the last quarter. GSA Capital Partners LLP acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth about $553,000. Finally, Banque Cantonale Vaudoise acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth about $1,881,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insiders Place Their Bets

In other news, 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 owned 65,728 shares in the company, valued at $9,840,138.88. The trade was a 43.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider owned 34,046 shares of the company’s stock, valued at $5,164,778.20. This trade represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. 1.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on CHRW. Baird R W raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. Bank of America upped their price objective on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on C.H. Robinson Worldwide from $155.00 to $166.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

C.H. Robinson Worldwide Trading Up 1.4%

NASDAQ:CHRW opened at $159.54 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $160.27. The firm has a market capitalization of $18.85 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.79 and a beta of 0.88. The business’s 50-day moving average price is $139.86 and its two-hundred day moving average price is $118.81.

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

C.H. Robinson Worldwide Increases Dividend

The company 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 $0.63 dividend. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.12%.

About C.H. Robinson Worldwide

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.