Peoples Bank KS Purchases Shares of 600 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Peoples Bank KS purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent filing with the SEC. The firm purchased 600 shares of the transportation company’s stock, valued at approximately $66,000.

Other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in C.H. Robinson Worldwide by 13,682.5% during the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after acquiring an additional 2,643,193 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of C.H. Robinson Worldwide by 21.1% during the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after purchasing an additional 2,003,158 shares in the last quarter. Interval Partners LP acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $82,581,000. Pzena Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $66,474,000. Finally, Point72 Asset Management L.P. bought a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at about $69,378,000. 93.15% of the stock is owned by institutional investors.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CHRW shares. Evercore ISI upped their price objective 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. Robert W. Baird raised their price target on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Vertical Research raised C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Tuesday, July 9th. StockNews.com upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Finally, JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $99.53.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $1.23 during trading hours on Friday, reaching $106.73. The stock had a trading volume of 1,224,318 shares, compared to its average volume of 1,575,401. The stock’s fifty day simple moving average is $101.25 and its 200 day simple moving average is $88.03. The firm has a market capitalization of $12.50 billion, a PE ratio of 41.87, a PEG ratio of 2.15 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $110.51. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94.

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

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a $0.62 dividend. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 98.02%.

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.