Verition Fund Management LLC acquired a new position in C. H. Robinson (NASDAQ:CHRW) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 51,586 shares of the transportation company’s stock, valued at approximately $4,596,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its position in shares of C. H. Robinson by 54.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 41,771 shares of the transportation company’s stock valued at $3,179,000 after purchasing an additional 14,700 shares in the last quarter. Global X MANAGEMENT CO LLC lifted its stake in C. H. Robinson by 14.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 5,720 shares of the transportation company’s stock valued at $435,000 after buying an additional 714 shares in the last quarter. New York State Common Retirement Fund lifted its stake in C. H. Robinson by 5.5% during the third quarter. New York State Common Retirement Fund now owns 433,868 shares of the transportation company’s stock valued at $33,017,000 after buying an additional 22,700 shares in the last quarter. Toronto Dominion Bank lifted its stake in C. H. Robinson by 11.6% during the third quarter. Toronto Dominion Bank now owns 53,252 shares of the transportation company’s stock valued at $4,052,000 after buying an additional 5,518 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in C. H. Robinson by 0.8% during the third quarter. Rhumbline Advisers now owns 317,575 shares of the transportation company’s stock valued at $24,167,000 after buying an additional 2,519 shares in the last quarter. Hedge funds and other institutional investors own 94.49% of the company’s stock.
A number of research firms have recently issued reports on CHRW. Zacks Investment Research raised shares of C. H. Robinson from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Tuesday, December 26th. Citigroup upgraded shares of C. H. Robinson from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Robert W. Baird reissued a “hold” rating and set a $90.00 price objective on shares of C. H. Robinson in a report on Tuesday, January 9th. Credit Suisse Group raised C. H. Robinson to a “hold” rating and set a $85.00 price target for the company in a report on Wednesday, January 17th. Finally, BidaskClub cut C. H. Robinson from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $82.41.
In other C. H. Robinson news, insider Robert C. Biesterfeld, Jr. sold 7,047 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $93.97, for a total value of $662,206.59. Following the transaction, the insider now directly owns 14,323 shares of the company’s stock, valued at approximately $1,345,932.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Wiehoff sold 13,946 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $92.08, for a total value of $1,284,147.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,248 shares of company stock worth $2,704,578. Insiders own 0.85% of the company’s stock.
CHRW opened at $90.48 on Friday. C. H. Robinson has a 1-year low of $63.41 and a 1-year high of $100.18. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $13,093.64, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 2.32 and a beta of 0.41.
C. H. Robinson (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.69 billion. equities analysts expect that C. H. Robinson will post 4.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 2nd were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, March 1st. C. H. Robinson’s dividend payout ratio is 52.87%.
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C. H. Robinson 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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