Contravisory Investment Management Inc. Makes New $965,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

Contravisory Investment Management Inc. acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,003 shares of the transportation company’s stock, valued at approximately $965,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in shares of C.H. Robinson Worldwide by 2.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock worth $338,000 after acquiring an additional 69 shares during the last quarter. UMB Bank n.a. lifted its position in C.H. Robinson Worldwide by 16.7% during the third quarter. UMB Bank n.a. now owns 656 shares of the transportation company’s stock worth $87,000 after acquiring an additional 94 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in shares of C.H. Robinson Worldwide by 2.4% during the third quarter. Elevation Point Wealth Partners LLC now owns 4,039 shares of the transportation company’s stock worth $537,000 after acquiring an additional 95 shares during the period. Empirical Asset Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 1.8% during the third quarter. Empirical Asset Management LLC now owns 5,760 shares of the transportation company’s stock worth $763,000 after acquiring an additional 102 shares during the period. Finally, Clearstead Advisors LLC grew its position in shares of C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CHRW. Morgan Stanley upped their price target on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $200.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Loop Capital set a $206.00 target price on shares of C.H. Robinson Worldwide in a research report on Monday, February 2nd. Wells Fargo & Company lifted their price target on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Finally, Stifel Nicolaus boosted their price target on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.29.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $166.84 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.53 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 has a market cap of $19.79 billion, a P/E ratio of 34.54, a P/E/G ratio of 1.78 and a beta of 0.90. The company’s 50-day moving average price is $181.85 and its two-hundred day moving average price is $159.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The company had revenue of $3.91 billion during 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 quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 EPS. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 52.17%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto purchased 594 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were bought at an average price of $168.24 per share, for a total transaction of $99,934.56. Following the purchase, the insider owned 35,488 shares in the company, valued at approximately $5,970,501.12. This trade represents a 1.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Arun Rajan acquired 605 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of $167.11 per share, with a total value of $101,101.55. Following the completion of the transaction, the insider owned 133,656 shares in the company, valued at $22,335,254.16. The trade was a 0.45% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. 0.91% of the stock is owned by company insiders.

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.