Caprock Group LLC Invests $698,000 in C.H. Robinson Worldwide, Inc. $CHRW

Caprock Group LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,421 shares of the transportation company’s stock, valued at approximately $698,000.

A number of other institutional investors have also recently added to or reduced their stakes in CHRW. Norges Bank bought a new position in C.H. Robinson Worldwide in the 2nd quarter worth $118,976,000. Boston Partners lifted its position in shares of C.H. Robinson Worldwide by 53.0% during the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock worth $340,646,000 after purchasing an additional 1,218,968 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in C.H. Robinson Worldwide by 78.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock valued at $193,219,000 after purchasing an additional 884,160 shares during the period. Qube Research & Technologies Ltd grew its holdings in C.H. Robinson Worldwide by 119.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock valued at $76,169,000 after buying an additional 432,406 shares during the last quarter. Finally, State Street Corp increased its position in C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after buying an additional 397,177 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 8,579 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the sale, the insider owned 55,611 shares in the company, valued at approximately $11,151,117.72. This represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael John Short sold 6,368 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the completion of the sale, the insider owned 52,101 shares of the company’s stock, valued at approximately $10,487,931.30. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders acquired 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. 0.91% of the stock is owned by insiders.

Analysts Set New Price Targets

CHRW has been the subject of several research reports. Stifel Nicolaus increased their price objective on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $200.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Morgan Stanley boosted their price objective on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock an “underweight” rating in a report on Thursday, January 29th. Truist Financial upped their price objective on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Barclays raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $145.00 to $200.00 in a research report on Tuesday, December 16th. Sixteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $181.29.

C.H. Robinson Worldwide Trading Up 4.9%

Shares of CHRW opened at $176.02 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59. The stock has a market cap of $20.80 billion, a PE ratio of 36.44, a PEG ratio of 1.85 and a beta of 0.89. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $203.34. The stock has a 50 day simple moving average of $174.07 and a 200-day simple moving average of $149.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a $0.63 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is 52.17%.

C.H. Robinson Worldwide 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.