Credit Capital Investments LLC Invests $249,000 in C.H. Robinson Worldwide, Inc. $CHRW

Credit Capital Investments LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,600 shares of the transportation company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRW. WPG Advisers LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at about $32,000. FNY Investment Advisers LLC bought a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $38,000. Cullen Frost Bankers Inc. increased its position in shares of C.H. Robinson Worldwide by 203.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock worth $43,000 after purchasing an additional 299 shares during the last quarter. National Pension Service raised its stake in shares of C.H. Robinson Worldwide by 74.4% during the 1st quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after purchasing an additional 183 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $51,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Up 1.5%

Shares of CHRW opened at $152.99 on Thursday. The firm has a market cap of $18.07 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $158.70. The firm’s 50-day simple moving average is $134.76 and its 200 day simple moving average is $114.05.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The business’s revenue was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 earnings per share. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.12%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CHRW. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. BMO Capital Markets restated a “market perform” rating and set a $140.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Thursday, July 31st. Wells Fargo & Company boosted their price target on C.H. Robinson Worldwide from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the sale, the insider owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. The trade was a 43.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 45,266 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the transaction, the insider directly owned 34,046 shares in the company, valued at approximately $5,164,778.20. This represents a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 97,650 shares of company stock valued at $14,639,336. 1.47% of the stock is currently 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.