Carnegie Capital Asset Management LLC has acquired a new equity position in CH Robinson Worldwide, Inc. (NASDAQ:CHRW – Get a rating) during Q1, according to its most recent SEC filing. The institutional investor acquired 2,771 shares of the transportation company, valued at approximately $298,000.
Several other hedge funds have also recently changed their positions in CHRW. Siemens Fonds Invest GmbH increased its stake in CH Robinson Worldwide by 2.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 6,090 shares of the transportation company valued at $652,000 after buying 141 additional shares in the last quarter. Advisor Partners LLC increased its stake in shares of CH Robinson Worldwide by 2.6% during the fourth quarter. Advisor Partners LLC now owns 6,014 shares of the transportation company valued at $648,000 after buying 153 additional shares in the last quarter. Benedict Financial Advisors Inc. increased its stake in shares of CH Robinson Worldwide by 1.0% during the fourth quarter. Benedict Financial Advisors Inc. now owns 15,052 shares of the transportation company valued at $1,620,000 after buying an additional 155 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in CH Robinson Worldwide shares by 1.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,775 shares of the transportation company valued at $1,052,000 after buying 168 additional shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in CH Robinson Worldwide shares by 11.5% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,661 shares of the transportation company valued at $179,000 after buying 171 additional shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s shares.
Separately, insider Ben G. Campbell sold 4,079 shares of the company in a trade that took place on Tuesday, June 14. The stock was sold at an average price of $113.00, for a total value of $460,927.00. Following the completion of the sale, the insider now directly owns 53,507 shares of the company, valued at approximately $6,046,291. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Also, insider Angela K. Freeman sold 28,054 shares of the company in a transaction that took place on Tuesday, May 3. The stock was sold at an average price of $110.03, for a total value of $3,086,781.62. Following the completion of the sale, the insider now owns 54,520 shares of the company, valued at $5,998,835.60. Disclosure of this sale can be found here. During the last quarter, insiders sold 64,679 shares of the company valued at $7,167,699. 1.64% of the shares are held by insiders.
NASDAQ:CHRW opened at $103.86 on Friday. The stock has a market capitalization of $13.22 billion, a PE ratio of 14.67, a growth price-earnings ratio of 1.52 and a beta of 0.73. The company has a debt ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.49. CH Robinson Worldwide, Inc. has a fifty-two week low of $84.67 and a fifty-two week high of $115.99. The stock’s 50-day moving average is $105.03 and its two-hundred-day moving average is $103.06.
CH Robinson Worldwide (NASDAQ:CHRW – Get a rating) last announced its quarterly results on Wednesday, April 27. The transportation company reported earnings per share (EPS) of $2.05 for the quarter, beating the consensus estimate of $1.54 by $0.51. The company posted revenue of $6.82 billion in the quarter, versus analyst estimates of $5.96 billion. CH Robinson Worldwide achieved a return on equity of 47.22% and a net margin of 3.75%. During the same period of the previous year, the company achieved EPS of $1.28. On average, stock research analysts expect CH Robinson Worldwide, Inc. to post earnings per share of 7.31 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 1. Shareholders of record on Friday, June 3 will receive a dividend of $0.55 per share. The ex-dividend date is Thursday, June 2. This represents an annualized dividend of $2.20 and a dividend yield of 2.12%. CH Robinson Worldwide’s dividend payout ratio is 31.07%.
A number of brokerages have weighed in on CHRW recently. Citigroup raised its price target on CH Robinson Worldwide shares from $108.00 to $120.00 in a Thursday, April 28 research note. Cowen raised its price target on CH Robinson Worldwide from $109.00 to $123.00 and gave the stock an “outperform” rating in a Thursday, April 28 report. Susquehanna raised its price target on CH Robinson Worldwide from $95.00 to $107.00 in a Thursday, April 28 report. Stephens raised its price target on CH Robinson Worldwide from $110.00 to $115.00 in a Friday, April 1 report. Finally, Vertical Research downgraded CH Robinson Worldwide from a “buy” rating to a “hold” rating and set a target price of $110.00 for the stock. in a report from Wednesday, March 2. Three equity research analysts gave the stock a sell rating, six gave the company a hold rating and nine gave the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $108.33.
CH Robinson Global Profile (Get a rating)
CH Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to businesses in various industries worldwide. The Company operates in two segments, North America Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truck loading; brokerage services for the transport of less than full loads, which include the shipment of single or multiple pallets of goods; intermodal transport which includes the service of shipping freight in containers or trailers by a combination of truck and rail; and maritime non-maritime public transport and freight forwarding services, as well as arranges air shipments and provides door-to-door services.
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