Burns Matteson Capital Management LLC Purchases Shares of 4,237 C.H. Robinson Worldwide, Inc. $CHRW

Burns Matteson Capital Management LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,237 shares of the transportation company’s stock, valued at approximately $681,000.

Several other institutional investors have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter worth $27,000. Clearstead Advisors LLC increased its holdings in 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 buying an additional 128 shares in the last quarter. Park Place Capital Corp acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $39,000. Arlington Trust Co LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $34,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on CHRW shares. Evercore upped their price target on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Stifel Nicolaus raised their price objective on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Loop Capital set a $206.00 price objective on C.H. Robinson Worldwide in a research report on Monday, February 2nd. BMO Capital Markets reiterated a “market perform” rating and set a $180.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, Barclays raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $145.00 to $200.00 in a research note on Tuesday, December 16th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $182.83.

C.H. Robinson Worldwide Trading Up 2.6%

CHRW stock opened at $166.07 on Wednesday. The company has a current ratio of 1.53, a quick 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 stock has a market cap of $19.57 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 1.70 and a beta of 0.90. The business’s 50-day moving average is $180.82 and its 200 day moving average is $160.64.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The business’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 earnings per share. On average, sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.17%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Arun Rajan acquired 605 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were bought at an average price of $167.11 per share, for a total transaction of $101,101.55. Following the acquisition, the insider owned 133,656 shares of the company’s stock, valued at approximately $22,335,254.16. This trade represents a 0.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 2,849 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total transaction of $553,275.80. Following the sale, the insider directly owned 28,149 shares of the company’s stock, valued at $5,466,535.80. The trade was a 9.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 2,422 shares of company stock worth $400,801 and sold 19,026 shares worth $3,770,665. 0.91% of the stock is owned by company insiders.

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.