Legacy Capital Group California Inc. Purchases 317 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Legacy Capital Group California Inc. lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,023 shares of the transportation company’s stock after purchasing an additional 317 shares during the period. Legacy Capital Group California Inc.’s holdings in C.H. Robinson Worldwide were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quent Capital LLC increased its stake in C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after acquiring an additional 146 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after acquiring an additional 185 shares during the period. Sentry Investment Management LLC bought a new position in C.H. Robinson Worldwide during the 1st quarter worth $49,000. Eastern Bank bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth $55,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Susquehanna raised their price objective on C.H. Robinson Worldwide from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Robert W. Baird lifted their price target on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their price target for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. Finally, TD Cowen lifted their price target on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $100.29.

C.H. Robinson Worldwide Stock Up 1.3 %

Shares of CHRW opened at $108.12 on Friday. The company has a market capitalization of $12.66 billion, a PE ratio of 42.74, a PEG ratio of 2.19 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 $113.10. The stock’s 50-day moving average price is $105.17 and its two-hundred day moving average price is $91.93. 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 announced 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. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 EPS. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were issued 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 annualized dividend and a yield of 2.29%. C.H. Robinson Worldwide’s payout ratio is presently 98.02%.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide 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.