5,224 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Retireful LLC

Retireful LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,224 shares of the transportation company’s stock, valued at approximately $692,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in C.H. Robinson Worldwide by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company’s stock worth $1,404,989,000 after buying an additional 56,549 shares during the last quarter. State Street Corp increased its holdings in shares of 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 valued at $716,423,000 after acquiring an additional 397,177 shares during the period. Boston Partners boosted its stake in 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 period. Invesco Ltd. grew its position in C.H. Robinson Worldwide by 5.1% during the 2nd quarter. Invesco Ltd. now owns 2,402,945 shares of the transportation company’s stock worth $230,563,000 after purchasing an additional 117,222 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position 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 worth $193,219,000 after purchasing an additional 884,160 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $164.63 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $19.45 billion, a P/E ratio of 33.39, a PEG ratio of 2.10 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $167.90. The stock’s 50 day moving average price is $151.99 and its 200 day moving average price is $128.52.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. C.H. Robinson Worldwide’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 EPS. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.12%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 45,266 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total value of $6,866,852.20. Following the transaction, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the transaction, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. This trade represents a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.91% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of C.H. Robinson Worldwide in a report on Monday, December 22nd. Susquehanna set a $165.00 price objective on C.H. Robinson Worldwide and gave the company a “positive” rating in a research note on Wednesday, September 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $140.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Morgan Stanley increased their price target on C.H. Robinson Worldwide from $77.00 to $85.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Finally, TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $115.00 to $138.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.48.

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.