Boston Private Wealth LLC Raises Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Boston Private Wealth LLC lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,475 shares of the transportation company’s stock after acquiring an additional 252 shares during the quarter. Boston Private Wealth LLC’s holdings in C.H. Robinson Worldwide were worth $215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. acquired a new position in C.H. Robinson Worldwide during the third quarter worth $61,000. Jacobi Capital Management LLC raised its stake in shares of C.H. Robinson Worldwide by 18.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 719 shares of the transportation company’s stock worth $67,000 after buying an additional 114 shares during the last quarter. True Link Financial Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $78,000. Moors & Cabot Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $91,000. Finally, Berman Capital Advisors LLC grew its stake in C.H. Robinson Worldwide by 213.4% in the 3rd quarter. Berman Capital Advisors LLC now owns 1,260 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 858 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

CHRW has been the subject of a number of recent research reports. Wolfe Research raised shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $124.00 price objective for the company in a research note on Thursday, January 6th. Wells Fargo & Company upped their price objective on C.H. Robinson Worldwide from $85.00 to $92.00 and gave the company an “underweight” rating in a research report on Wednesday, October 27th. BMO Capital Markets lifted their price objective on C.H. Robinson Worldwide from $100.00 to $105.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 27th. Citigroup upped their target price on shares of C.H. Robinson Worldwide from $115.00 to $125.00 in a report on Wednesday. Finally, Vertical Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, October 11th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $100.58.

CHRW stock opened at $108.29 on Friday. The stock’s 50 day moving average is $101.14 and its two-hundred day moving average is $94.90. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.67 and a 52-week high of $112.15. The company has a market capitalization of $14.08 billion, a PE ratio of 19.17, a P/E/G ratio of 1.93 and a beta of 0.75. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.56.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, October 26th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.43. C.H. Robinson Worldwide had a return on equity of 40.08% and a net margin of 3.60%. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the business posted $1.00 earnings per share. The firm’s revenue for the quarter was up 48.3% on a year-over-year basis. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.36 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 3rd. Stockholders of record on Wednesday, December 15th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, December 14th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 2.03%. C.H. Robinson Worldwide’s dividend payout ratio is 38.94%.

In other C.H. Robinson Worldwide news, insider Michael John Short sold 16,914 shares of the business’s stock in a transaction on Wednesday, November 24th. The stock was sold at an average price of $98.11, for a total transaction of $1,659,432.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ben G. Campbell sold 19,776 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, December 7th. The shares were sold at an average price of $100.00, for a total transaction of $1,977,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 58,154 shares of company stock worth $5,759,753 over the last quarter. Insiders own 0.95% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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