2,600 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Cherokee Insurance Co

Cherokee Insurance Co purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,600 shares of the transportation company’s stock, valued at approximately $249,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its position in shares of C.H. Robinson Worldwide by 0.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 54,749 shares of the transportation company’s stock valued at $5,606,000 after buying an additional 221 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in C.H. Robinson Worldwide by 307.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 400 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in C.H. Robinson Worldwide by 43.2% in the 1st quarter. Wealthfront Advisers LLC now owns 2,773 shares of the transportation company’s stock valued at $284,000 after acquiring an additional 836 shares during the last quarter. Victory Capital Management Inc. lifted its stake in C.H. Robinson Worldwide by 128.6% in the 1st quarter. Victory Capital Management Inc. now owns 142,164 shares of the transportation company’s stock worth $14,558,000 after purchasing an additional 79,963 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of C.H. Robinson Worldwide by 7.6% during the 1st quarter. Segall Bryant & Hamill LLC now owns 124,663 shares of the transportation company’s stock valued at $12,765,000 after purchasing an additional 8,817 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 49,884 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the transaction, the insider owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the sale, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.47% of the stock is owned by insiders.

Analysts Set New Price Targets

CHRW has been the subject of a number of research reports. Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and increased their price target for the company from $134.00 to $148.00 in a research note on Wednesday, October 8th. Sanford C. Bernstein reiterated a “market perform” rating and set a $135.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Benchmark restated a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Finally, TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $138.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.00.

C.H. Robinson Worldwide Stock Down 0.9%

Shares of CHRW opened at $151.66 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $135.23 and a 200 day moving average of $114.31. The company has a market cap of $17.92 billion, a PE ratio of 30.76, a P/E/G ratio of 1.79 and a beta of 0.88. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week 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 for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 5th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 1.7%. C.H. Robinson Worldwide’s payout ratio is 51.12%.

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.