C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by DecisionMap Wealth Management LLC

DecisionMap Wealth Management LLC increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 12.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,448 shares of the transportation company’s stock after buying an additional 605 shares during the quarter. DecisionMap Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $523,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CHRW. Principal Financial Group Inc. raised its holdings in shares of C.H. Robinson Worldwide by 4.9% during the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company’s stock worth $15,248,000 after acquiring an additional 6,889 shares during the period. Amalgamated Bank increased its position in C.H. Robinson Worldwide by 1.9% during the first quarter. Amalgamated Bank now owns 23,098 shares of the transportation company’s stock worth $2,365,000 after purchasing an additional 432 shares during the last quarter. M&T Bank Corp raised its stake in C.H. Robinson Worldwide by 1.7% during the first quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock worth $892,000 after purchasing an additional 144 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in C.H. Robinson Worldwide by 2.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company’s stock valued at $2,573,000 after purchasing an additional 589 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in C.H. Robinson Worldwide by 3.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 47,441 shares of the transportation company’s stock valued at $4,858,000 after purchasing an additional 1,457 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW opened at $127.46 on Tuesday. The stock’s 50-day moving average price is $128.97 and its 200 day moving average price is $107.92. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $138.00. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.76 and a beta of 0.90. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.12. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.C.H. Robinson Worldwide’s revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 56.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CHRW. Bank of America lifted their price target on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Citigroup cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and raised their target price for the stock from $134.00 to $148.00 in a research note on Wednesday, October 8th. UBS Group upped their price target on C.H. Robinson Worldwide from $133.00 to $166.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Wells Fargo & Company raised their price objective on C.H. Robinson Worldwide from $127.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.05.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider directly owned 65,728 shares in the company, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider owned 130,591 shares of the company’s stock, valued at approximately $15,898,148.34. This trade represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,577 shares of company stock worth $1,714,544 in the last ninety days. 0.91% of the stock is owned by corporate insiders.

About C.H. Robinson Worldwide

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.