Everence Capital Management Inc. Acquires Shares of 2,780 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Everence Capital Management Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,780 shares of the transportation company’s stock, valued at approximately $287,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CHRW. GAMMA Investing LLC grew its position in shares of C.H. Robinson Worldwide by 23.6% during the 4th quarter. GAMMA Investing LLC now owns 5,827 shares of the transportation company’s stock worth $602,000 after buying an additional 1,114 shares in the last quarter. JPMorgan Chase & Co. increased its position in C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after purchasing an additional 36,769 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $11,865,000. Franklin Resources Inc. boosted its stake in shares of C.H. Robinson Worldwide by 59.6% during the third quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after purchasing an additional 27,370 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in C.H. Robinson Worldwide by 50.5% during the third quarter. Tidal Investments LLC now owns 22,286 shares of the transportation company’s stock valued at $2,460,000 after buying an additional 7,482 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $104.05 on Wednesday. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm has a market cap of $12.30 billion, a P/E ratio of 36.00, a P/E/G ratio of 1.25 and a beta of 0.83. The business’s 50 day moving average price is $106.72 and its 200 day moving average price is $101.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 earnings per share. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $0.62 dividend. The ex-dividend date was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.38%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHRW. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $140.00 in a report on Friday, October 4th. Barclays raised their price objective on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Evercore ISI boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Robert W. Baird raised their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $113.81.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the transaction, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by corporate insiders.

About C.H. Robinson Worldwide

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.