Elevation Point Wealth Partners LLC Buys 1,934 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Elevation Point Wealth Partners LLC raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 96.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,944 shares of the transportation company’s stock after purchasing an additional 1,934 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in C.H. Robinson Worldwide were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. WPG Advisers LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth $32,000. FNY Investment Advisers LLC purchased a new stake in C.H. Robinson Worldwide during the second quarter valued at about $38,000. Cullen Frost Bankers Inc. lifted its stake in C.H. Robinson Worldwide by 203.4% during the second 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 boosted its holdings in shares of C.H. Robinson Worldwide by 74.4% in 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 purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth about $51,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CHRW. Stifel Nicolaus boosted their target price on C.H. Robinson Worldwide from $111.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Susquehanna set a $165.00 price objective on shares of C.H. Robinson Worldwide and gave the stock a “positive” rating in a report on Wednesday, September 24th. UBS Group upped their price objective on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. 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, October 8th. Finally, Benchmark reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $143.00.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 45,266 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the sale, the insider directly owned 34,046 shares in the company, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 65,728 shares in the company, valued at $9,840,138.88. This trade represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Trading Down 0.4%

NASDAQ:CHRW opened at $158.96 on Friday. The firm has a market capitalization of $18.78 billion, a P/E ratio of 32.24, a P/E/G ratio of 1.79 and a beta of 0.88. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $140.32 and a 200 day moving average of $119.41. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $160.30.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results 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. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the firm earned $1.28 EPS. The company’s revenue was down 10.9% on a year-over-year basis. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 5th. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. C.H. Robinson Worldwide’s payout ratio is 51.12%.

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.