Kinneret Advisory LLC bought a new position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,698 shares of the transportation company’s stock, valued at approximately $143,000.
Other large investors have also recently added to or reduced their stakes in the company. Synovus Financial Corp lifted its position in C.H. Robinson Worldwide by 80.0% in the 4th quarter. Synovus Financial Corp now owns 288 shares of the transportation company’s stock worth $25,000 after buying an additional 128 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in C.H. Robinson Worldwide by 5,277.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,857,462 shares of the transportation company’s stock worth $34,000 after buying an additional 2,804,328 shares during the last quarter. Bremer Trust National Association bought a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $37,000. JOYN Advisors Inc. lifted its position in C.H. Robinson Worldwide by 102.2% in the fourth quarter. JOYN Advisors Inc. now owns 542 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 274 shares during the last quarter. Finally, Financial Gravity Companies Inc. bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $51,000. Institutional investors own 86.98% of the company’s stock.
Several brokerages have weighed in on CHRW. Zacks Investment Research upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Monday, December 3rd. BidaskClub upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. Finally, Credit Suisse Group lowered their price objective on C.H. Robinson Worldwide from $86.00 to $80.00 and set an “underperform” rating for the company in a research report on Tuesday, January 15th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $96.67.
In other news, insider Angela K. Freeman sold 2,914 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $91.01, for a total transaction of $265,203.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jordan T. Kass sold 1,382 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $90.80, for a total value of $125,485.60. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by insiders.
CHRW opened at $89.34 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.92 and a current ratio of 1.92. C.H. Robinson Worldwide Inc has a 52-week low of $78.83 and a 52-week high of $101.20. The company has a market cap of $12.23 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.84 and a beta of 0.70.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, January 29th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.14. C.H. Robinson Worldwide had a return on equity of 43.12% and a net margin of 4.00%. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. As a group, equities analysts anticipate that C.H. Robinson Worldwide Inc will post 5 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, February 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.24%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 42.28%.
TRADEMARK VIOLATION NOTICE: “Kinneret Advisory LLC Buys New Stake in C.H. Robinson Worldwide Inc (CHRW)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2019/03/15/kinneret-advisory-llc-buys-new-stake-in-c-h-robinson-worldwide-inc-chrw.html.
C.H. Robinson Worldwide 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.
Recommended Story: Market Capitalization in the Stock Market
Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide Inc (NASDAQ:CHRW).
Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.