Inspire Investing LLC Sells 20,514 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Inspire Investing LLC trimmed its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 69.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,104 shares of the transportation company’s stock after selling 20,514 shares during the quarter. Inspire Investing LLC’s holdings in C.H. Robinson Worldwide were worth $874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of C.H. Robinson Worldwide by 2.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock worth $407,000 after acquiring an additional 105 shares during the period. Perpetual Ltd boosted its position in shares of C.H. Robinson Worldwide by 2.3% in the second quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock valued at $483,000 after acquiring an additional 112 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in C.H. Robinson Worldwide by 5.5% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company’s stock valued at $223,000 after purchasing an additional 114 shares during the period. Alliance Wealth Advisors LLC UT boosted its holdings in C.H. Robinson Worldwide by 1.9% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company’s stock valued at $663,000 after purchasing an additional 121 shares during the period. Finally, Benedict Financial Advisors Inc. boosted its stake in shares of C.H. Robinson Worldwide by 0.9% in the first quarter. Benedict Financial Advisors Inc. now owns 13,243 shares of the transportation company’s stock valued at $1,356,000 after buying an additional 124 shares during the period. 93.15% of the stock is owned by institutional investors.

Insider Activity

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the sale, the insider directly owned 60,401 shares of the company’s stock, valued at approximately $7,081,413.24. This trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock worth $1,714,544 in the last quarter. 0.91% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, October 8th. Baird R W upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Susquehanna set a $165.00 target price on shares of C.H. Robinson Worldwide and gave the stock a “positive” rating in a report on Wednesday, September 24th. Wells Fargo & Company increased their target price on shares of C.H. Robinson Worldwide from $127.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, Wolfe Research raised shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $132.14.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $125.31 on Monday. The firm has a fifty day simple moving average of $127.74 and a 200 day simple moving average of $106.75. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $138.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $14.80 billion, a PE ratio of 28.54, a P/E/G ratio of 1.73 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the company posted $1.15 EPS. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a $0.62 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 2.0%. C.H. Robinson Worldwide’s payout ratio is currently 56.49%.

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.