Elkhorn Investments LLC purchased a new position in C. H. Robinson (NASDAQ:CHRW) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,604 shares of the transportation company’s stock, valued at approximately $1,116,000.
Several other large investors have also added to or reduced their stakes in the stock. Creative Planning raised its stake in C. H. Robinson by 4.9% during the fourth quarter. Creative Planning now owns 12,295 shares of the transportation company’s stock valued at $1,095,000 after buying an additional 574 shares in the last quarter. Horan Capital Management raised its position in shares of C. H. Robinson by 1.2% during the 4th quarter. Horan Capital Management now owns 48,649 shares of the transportation company’s stock worth $4,334,000 after purchasing an additional 581 shares during the period. RiverPoint Capital Management LLC raised its position in shares of C. H. Robinson by 12.3% during the 4th quarter. RiverPoint Capital Management LLC now owns 5,615 shares of the transportation company’s stock worth $500,000 after purchasing an additional 615 shares during the period. Norinchukin Bank The raised its position in shares of C. H. Robinson by 6.3% during the 4th quarter. Norinchukin Bank The now owns 11,745 shares of the transportation company’s stock worth $1,046,000 after purchasing an additional 701 shares during the period. Finally, Global X MANAGEMENT CO LLC raised its position in shares of C. H. Robinson by 14.3% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 5,720 shares of the transportation company’s stock worth $435,000 after purchasing an additional 714 shares during the period. Institutional investors and hedge funds own 94.49% of the company’s stock.
In other news, insider Chris Obrien sold 3,909 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $90.85, for a total value of $355,132.65. Following the sale, the insider now directly owns 23,149 shares of the company’s stock, valued at $2,103,086.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert C. Biesterfeld, Jr. sold 7,047 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $93.97, for a total value of $662,206.59. Following the completion of the sale, the insider now directly owns 14,323 shares in the company, valued at $1,345,932.31. The disclosure for this sale can be found here. Insiders have sold 29,248 shares of company stock worth $2,704,578 over the last three months. Company insiders own 0.85% of the company’s stock.
A number of analysts have recently weighed in on CHRW shares. BidaskClub upgraded C. H. Robinson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 22nd. Zacks Investment Research lowered C. H. Robinson from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Citigroup raised C. H. Robinson from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Credit Suisse Group raised C. H. Robinson to a “hold” rating and set a $85.00 price target for the company in a research note on Wednesday, January 17th. Finally, Morgan Stanley increased their price target on C. H. Robinson from $57.00 to $70.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $82.41.
Shares of NASDAQ:CHRW opened at $90.48 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.53. C. H. Robinson has a 1 year low of $63.41 and a 1 year high of $100.18. The firm has a market cap of $13,243.82, a P/E ratio of 26.00, a PEG ratio of 2.35 and a beta of 0.41.
C. H. Robinson (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.14. C. H. Robinson had a return on equity of 36.28% and a net margin of 3.40%. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.69 billion. analysts anticipate that C. H. Robinson will post 4.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 2nd were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.03%. The ex-dividend date was Thursday, March 1st. C. H. Robinson’s payout ratio is 52.87%.
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C. H. Robinson Company Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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