Brooklyn Investment Group Acquires 316 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Brooklyn Investment Group increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 213.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 464 shares of the transportation company’s stock after acquiring an additional 316 shares during the period. Brooklyn Investment Group’s holdings in C.H. Robinson Worldwide were worth $48,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRW. Wedge Capital Management L L P NC bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $4,952,000. Gateway Investment Advisers LLC lifted its stake in C.H. Robinson Worldwide by 97.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 5,856 shares of the transportation company’s stock valued at $605,000 after acquiring an additional 2,895 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $543,000. USA Financial Formulas grew its stake in shares of C.H. Robinson Worldwide by 7.5% during the 4th quarter. USA Financial Formulas now owns 2,541 shares of the transportation company’s stock worth $263,000 after acquiring an additional 177 shares in the last quarter. Finally, Oak Thistle LLC raised its holdings in shares of C.H. Robinson Worldwide by 243.7% in the fourth quarter. Oak Thistle LLC now owns 8,795 shares of the transportation company’s stock valued at $909,000 after purchasing an additional 6,236 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on CHRW shares. Susquehanna upgraded C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and upped their target price for the stock from $115.00 to $130.00 in a report on Friday, January 3rd. Evercore ISI upped their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. BMO Capital Markets boosted their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Citigroup raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $118.00 to $130.00 in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $114.65.

C.H. Robinson Worldwide Stock Up 0.9 %

C.H. Robinson Worldwide stock opened at $103.58 on Monday. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 35.84, a PEG ratio of 0.83 and a beta of 0.83. 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 debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a 50 day moving average price of $106.32 and a two-hundred day moving average price of $102.71.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results 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 business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company 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 annualized dividend and a dividend yield of 2.39%. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

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.