C.H. Robinson Worldwide, Inc. $CHRW Stock Position Raised by Atria Investments Inc

Atria Investments Inc boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 36.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,288 shares of the transportation company’s stock after purchasing an additional 3,801 shares during the period. Atria Investments Inc’s holdings in C.H. Robinson Worldwide were worth $1,892,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter worth about $460,000. TD Waterhouse Canada Inc. raised its stake in shares of C.H. Robinson Worldwide by 8,726.0% in the third quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock worth $2,341,000 after acquiring an additional 17,452 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of C.H. Robinson Worldwide by 91.8% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,774 shares of the transportation company’s stock worth $1,559,000 after purchasing an additional 5,634 shares in the last quarter. Norges Bank bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $118,976,000. Finally, Oak Thistle LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $999,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHRW has been the subject of several recent research reports. Barclays raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $145.00 to $200.00 in a report on Tuesday, December 16th. BMO Capital Markets reissued a “market perform” rating and set a $180.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. JPMorgan Chase & Co. increased their price objective on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Truist Financial lifted their target price on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, UBS Group set a $160.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Sixteen research 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. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target of $181.29.

C.H. Robinson Worldwide Trading Up 0.8%

CHRW opened at $177.38 on Wednesday. The stock has a market capitalization of $20.96 billion, a P/E ratio of 36.72, a P/E/G ratio of 1.85 and a beta of 0.90. The company has a current ratio of 1.53, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $203.34. The firm’s fifty day simple moving average is $174.56 and its 200 day simple moving average is $149.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.21 earnings per share. 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 Dividend Announcement

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

Insider Transactions at C.H. Robinson Worldwide

In related news, CEO David P. Bozeman acquired 1,223 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 12th. The stock was purchased at an average cost of $163.34 per share, with a total value of $199,764.82. Following the completion of the transaction, the chief executive officer directly owned 190,600 shares in the company, valued at $31,132,604. This trade represents a 0.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Castagnetto bought 594 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 12th. The stock was acquired at an average cost of $168.24 per share, with a total value of $99,934.56. Following the transaction, the insider owned 35,488 shares of the company’s stock, valued at $5,970,501.12. This trade represents a 1.70% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. 0.91% of the stock is currently owned by corporate insiders.

About C.H. Robinson Worldwide

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.