C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Kinloch Capital LLC

Kinloch Capital LLC boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,527 shares of the transportation company’s stock after buying an additional 1,016 shares during the quarter. C.H. Robinson Worldwide accounts for 1.8% of Kinloch Capital LLC’s investment portfolio, making the stock its 27th largest position. Kinloch Capital LLC’s holdings in C.H. Robinson Worldwide were worth $3,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Inspire Investing LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at $810,000. Y Intercept Hong Kong Ltd acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $211,000. SG Americas Securities LLC raised its stake in C.H. Robinson Worldwide by 61.6% in the fourth quarter. SG Americas Securities LLC now owns 30,574 shares of the transportation company’s stock valued at $3,159,000 after buying an additional 11,658 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 126.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 29,256 shares of the transportation company’s stock worth $3,039,000 after buying an additional 16,338 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of C.H. Robinson Worldwide by 6.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 92,809 shares of the transportation company’s stock worth $9,589,000 after acquiring an additional 5,772 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $100.08 on Tuesday. C.H. Robinson Worldwide, Inc. has a 52 week low of $81.39 and a 52 week high of $114.82. The company has a 50-day moving average price of $94.22 and a 200 day moving average price of $100.61. The company has a market cap of $11.88 billion, a P/E ratio of 25.99, a PEG ratio of 1.16 and a beta of 0.92. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the firm earned $0.86 EPS. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.48%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 59.33%.

Insider Activity

In other news, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays cut their target price on C.H. Robinson Worldwide from $100.00 to $90.00 and set an “underweight” rating on the stock in a research report on Thursday, May 1st. Benchmark reissued a “buy” rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a “positive” rating for the company in a report on Thursday, May 1st. Truist Financial started coverage on shares of C.H. Robinson Worldwide in a research report on Thursday, March 13th. They issued a “buy” rating and a $115.00 target price on the stock. Finally, Stephens reissued an “equal weight” rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.29.

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.