MBB Public Markets I LLC Takes Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

MBB Public Markets I LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,441 shares of the transportation company’s stock, valued at approximately $744,000.

Several other large investors have also recently added to or reduced their stakes in the company. Focus Financial Network Inc. ADV bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $211,000. Treasurer of the State of North Carolina boosted its stake in shares of C.H. Robinson Worldwide by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 52,434 shares of the transportation company’s stock valued at $4,530,000 after purchasing an additional 500 shares during the last quarter. TFO Wealth Partners LLC increased its position in shares of C.H. Robinson Worldwide by 48,440.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,427 shares of the transportation company’s stock worth $210,000 after buying an additional 2,422 shares during the period. California State Teachers Retirement System lifted its holdings in C.H. Robinson Worldwide by 5.3% in the fourth quarter. California State Teachers Retirement System now owns 208,519 shares of the transportation company’s stock valued at $18,014,000 after buying an additional 10,442 shares during the period. Finally, CWA Asset Management Group LLC acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth about $238,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CHRW shares. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Baird R W upgraded shares of C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Robert W. Baird upped their price target on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Tuesday, July 9th. Finally, Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $95.33.

C.H. Robinson Worldwide Trading Down 0.5 %

NASDAQ:CHRW opened at $109.80 on Wednesday. The firm has a market capitalization of $12.86 billion, a P/E ratio of 43.40, a P/E/G ratio of 2.15 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $110.51. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average of $100.57 and a 200 day moving average of $87.76.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the company earned $0.90 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.26%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 98.02%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the sale, the insider now owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.