Dynasty Wealth Management LLC Invests $1.27 Million in C.H. Robinson Worldwide, Inc. $CHRW

Dynasty Wealth Management LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,609 shares of the transportation company’s stock, valued at approximately $1,272,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $30,000. Arlington Trust Co LLC bought a new stake in C.H. Robinson Worldwide in the third quarter valued at about $34,000. MUFG Securities EMEA plc bought a new stake in C.H. Robinson Worldwide in the second quarter valued at about $34,000. Quent Capital LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at about $37,000. Finally, FNY Investment Advisers LLC bought a new position in C.H. Robinson Worldwide during the second quarter worth about $38,000. 93.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 49,884 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This trade represents a 43.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was 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 represents a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 98,770 shares of company stock valued at $14,937,201 in the last quarter. 0.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on CHRW shares. UBS Group increased their price target on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Sanford C. Bernstein increased their target price on shares of C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Morgan Stanley lifted their price target on shares of C.H. Robinson Worldwide from $77.00 to $85.00 and gave the stock an “underweight” rating in a research report on Monday, December 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $149.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, January 14th. Finally, Citigroup lifted their target price on C.H. Robinson Worldwide from $163.00 to $177.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.65.

C.H. Robinson Worldwide Trading Down 0.4%

CHRW opened at $175.10 on Wednesday. The stock has a market capitalization of $20.69 billion, a P/E ratio of 35.52, a P/E/G ratio of 1.91 and a beta of 0.91. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $178.13. The firm’s fifty day simple moving average is $161.63 and its 200 day simple moving average is $137.35.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The company’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the business posted $1.28 EPS. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.12%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.