Copperwynd Financial LLC Grows Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Copperwynd Financial LLC increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 10.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,260 shares of the transportation company’s stock after acquiring an additional 218 shares during the period. Copperwynd Financial LLC’s holdings in C.H. Robinson Worldwide were worth $217,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CHRW. North Capital Inc. purchased a new stake in C.H. Robinson Worldwide during the first quarter worth about $25,000. NBC Securities Inc. acquired a new position in C.H. Robinson Worldwide during the first quarter worth about $27,000. WPG Advisers LLC acquired a new position in C.H. Robinson Worldwide during the first quarter worth about $32,000. National Pension Service raised its position in C.H. Robinson Worldwide by 74.4% during the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after acquiring an additional 183 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in C.H. Robinson Worldwide during the first quarter worth about $51,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $128.90 on Friday. The firm has a 50 day simple moving average of $127.51 and a 200-day simple moving average of $106.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $15.22 billion, a PE ratio of 29.36, a P/E/G ratio of 1.85 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $138.00.

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, beating analysts’ consensus estimates of $1.17 by $0.12. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.15 earnings per share. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 56.49%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CHRW. Barclays upgraded shares of C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $95.00 to $130.00 in a research report on Wednesday, October 1st. Citigroup cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $134.00 to $148.00 in a research report on Wednesday. Wells Fargo & Company lifted 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 research report on Monday. Wolfe Research upgraded 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 research report on Tuesday, July 1st. Finally, Susquehanna set a $165.00 target price on shares of C.H. Robinson Worldwide and gave the stock a “positive” rating in a research report on Wednesday, September 24th. One 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. According to MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average target price of $130.57.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of the stock in a transaction that occurred 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 transaction, the insider owned 60,401 shares of the company’s stock, valued at $7,081,413.24. This trade represents a 9.53% 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 Angela K. Freeman sold 5,713 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the transaction, the insider directly owned 65,728 shares in the company, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,577 shares of company stock valued at $1,714,544 over the last quarter. Company insiders own 1.47% of the company’s stock.

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.