Mesirow Financial Investment Management Inc. Makes New $240,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

Mesirow Financial Investment Management Inc. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,501 shares of the transportation company’s stock, valued at approximately $240,000.

Several other large investors have also bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. raised its holdings in C.H. Robinson Worldwide by 2.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock worth $407,000 after buying an additional 105 shares during the last quarter. Assetmark Inc. grew its stake in shares of C.H. Robinson Worldwide by 26.3% in the second quarter. Assetmark Inc. now owns 529 shares of the transportation company’s stock worth $51,000 after acquiring an additional 110 shares during the period. Perpetual Ltd grew its stake in shares of C.H. Robinson Worldwide by 2.3% in the second quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock worth $483,000 after acquiring an additional 112 shares during the period. Alliance Wealth Advisors LLC UT grew its stake in shares of C.H. Robinson Worldwide by 1.9% in the first quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company’s stock worth $663,000 after acquiring an additional 121 shares during the period. Finally, Mutual Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 1.4% in the second quarter. Mutual Advisors LLC now owns 9,154 shares of the transportation company’s stock worth $940,000 after acquiring an additional 123 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CHRW shares. BMO Capital Markets reiterated a “market perform” rating and issued a $140.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday. Baird R W upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. Stephens set a $173.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday. The Goldman Sachs Group lifted their price target on shares of C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Stifel Nicolaus lifted their price target on shares of C.H. Robinson Worldwide from $111.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares in the company, valued at $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael John Short sold 6,364 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the transaction, the insider owned 60,401 shares of the company’s stock, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 14,577 shares of company stock worth $1,714,544 over the last three months. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $153.99 on Monday. The firm has a 50 day moving average of $131.05 and a 200 day moving average of $110.79. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $18.18 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 1.79 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $158.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 earnings per share. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 50.30%.

About C.H. Robinson Worldwide

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.