MBB Public Markets I LLC Makes New Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

MBB Public Markets I LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the second quarter, Holdings Channel.com reports. The firm purchased 8,441 shares of the transportation company’s stock, valued at approximately $744,000.

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

Analyst Ratings Changes

CHRW has been the topic of a number of recent research reports. StockNews.com raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $87.00 to $110.00 in a report on Thursday, August 1st. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Tuesday, July 9th. Barclays raised their price target on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Finally, Evercore ISI upgraded shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and increased their price target for the company from $82.00 to $99.00 in a research note on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus price target of $95.33.

C.H. Robinson Worldwide Trading Down 0.5 %

Shares of NASDAQ CHRW opened at $109.80 on Wednesday. The firm has a market capitalization of $12.86 billion, a PE ratio of 43.40, a PEG ratio of 2.15 and a beta of 0.82. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $100.57 and a two-hundred day moving average price of $87.76. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $110.51.

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

C.H. Robinson Worldwide Increases Dividend

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

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 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 sale, the insider now owns 70,943 shares in the company, valued at approximately $6,979,372.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.47% of the stock is currently owned by corporate insiders.

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.