Martin Capital Partners LLC Acquires 4,779 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Martin Capital Partners LLC lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 194.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 7,238 shares of the transportation company’s stock after acquiring an additional 4,779 shares during the period. Martin Capital Partners LLC’s holdings in C.H. Robinson Worldwide were worth $695,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHRW. Boston Partners bought a new position in shares of C.H. Robinson Worldwide in the first quarter valued at about $234,304,000. Allianz Asset Management GmbH raised its holdings in shares of C.H. Robinson Worldwide by 144.4% in the first quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company’s stock valued at $80,292,000 after buying an additional 463,216 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of C.H. Robinson Worldwide by 7,706.1% in the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company’s stock valued at $46,578,000 after buying an additional 449,034 shares during the last quarter. Nuveen LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter valued at about $40,825,000. Finally, Northern Trust Corp raised its holdings in shares of C.H. Robinson Worldwide by 30.3% in the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock valued at $174,393,000 after buying an additional 396,264 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,713 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the transaction, the insider directly owned 65,728 shares in the company, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Arun Rajan sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the transaction, the insider directly owned 130,591 shares of the company’s stock, valued at approximately $15,898,148.34. This trade represents a 1.88% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,577 shares of company stock worth $1,714,544. 0.91% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CHRW shares. TD Cowen lifted their price target on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Baird R W upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Stifel Nicolaus lifted their price objective on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Bank of America lifted their price objective on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Finally, UBS Group reiterated a “buy” rating and issued a $133.00 price objective (up from $129.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.24.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $132.41 on Monday. The firm has a market capitalization of $15.64 billion, a P/E ratio of 30.16, a PEG ratio of 2.08 and a beta of 0.87. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $132.92. The business has a 50-day moving average of $114.70 and a 200-day moving average of $102.05. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.15 EPS. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a $0.62 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. C.H. Robinson Worldwide’s payout ratio is currently 56.49%.

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.