C.H. Robinson Worldwide, Inc. $CHRW Stock Holdings Raised by Brooklyn Investment Group

Brooklyn Investment Group increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 33.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 620 shares of the transportation company’s stock after buying an additional 156 shares during the period. Brooklyn Investment Group’s holdings in C.H. Robinson Worldwide were worth $63,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company’s stock valued at $15,248,000 after buying an additional 6,889 shares during the period. Amalgamated Bank increased its position in shares of C.H. Robinson Worldwide by 1.9% during the 1st quarter. Amalgamated Bank now owns 23,098 shares of the transportation company’s stock valued at $2,365,000 after purchasing an additional 432 shares during the period. Assenagon Asset Management S.A. increased its position in shares of C.H. Robinson Worldwide by 4.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company’s stock valued at $877,000 after purchasing an additional 340 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth $206,000. Finally, M&T Bank Corp grew its holdings in shares of C.H. Robinson Worldwide by 1.7% in the 1st quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock worth $892,000 after acquiring an additional 144 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Up 1.9%

NASDAQ CHRW opened at $125.18 on Friday. The firm has a market cap of $14.78 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.93 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $126.85. The stock’s 50 day simple moving average is $104.78 and its 200 day simple moving average is $98.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31.

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 (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the business earned $1.15 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 annualized dividend and a yield of 2.0%. C.H. Robinson Worldwide’s dividend payout ratio is currently 56.49%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CHRW shares. TD Securities raised their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Susquehanna reaffirmed a “positive” rating and issued a $120.00 target price (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, June 24th. Citigroup raised their target price on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. TD Cowen raised their target price on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Finally, Evercore ISI decreased their target price on C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.24.

Insiders Place Their Bets

In other news, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the transaction, the insider owned 60,401 shares of the company’s stock, valued at $7,081,413.24. This represents a 9.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Arun Rajan sold 2,500 shares of the 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 directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. This trade represents a 1.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,577 shares of company stock valued at $1,714,544. 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.