C.H. Robinson Worldwide, Inc. $CHRW is PACK Private Wealth LLC’s 9th Largest Position

PACK Private Wealth LLC cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,120 shares of the transportation company’s stock after selling 1,000 shares during the period. C.H. Robinson Worldwide accounts for 2.2% of PACK Private Wealth LLC’s portfolio, making the stock its 9th biggest position. PACK Private Wealth LLC’s holdings in C.H. Robinson Worldwide were worth $4,233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHRW. Vanguard Group Inc. boosted its holdings in C.H. Robinson Worldwide by 0.4% in the second quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company’s stock valued at $1,404,989,000 after acquiring an additional 56,549 shares in the last quarter. Boston Partners boosted its stake in shares of C.H. Robinson Worldwide by 53.0% during the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after purchasing an additional 1,218,968 shares in the last quarter. Invesco Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 8.4% during the 1st quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company’s stock valued at $234,058,000 after purchasing an additional 176,374 shares in the last quarter. Bank of New York Mellon Corp raised its stake in C.H. Robinson Worldwide by 78.3% in the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock worth $193,219,000 after buying an additional 884,160 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 11.3% in the second quarter. ProShare Advisors LLC now owns 1,775,758 shares of the transportation company’s stock worth $170,384,000 after buying an additional 180,635 shares during the period. Institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. The trade was a 43.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $5,164,778.20. This trade represents a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Down 0.4%

Shares of C.H. Robinson Worldwide stock opened at $158.96 on Friday. The company has a 50-day simple moving average of $140.32 and a two-hundred day simple moving average of $119.41. The stock has a market capitalization of $18.78 billion, a PE ratio of 32.24, a price-to-earnings-growth 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 $160.30. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly 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. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.6%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, December 5th. C.H. Robinson Worldwide’s payout ratio is currently 51.12%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of research analyst reports. UBS Group upped their target price on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Wells Fargo & Company upped their price target on C.H. Robinson Worldwide from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Susquehanna set a $165.00 price objective on C.H. Robinson Worldwide and gave the company a “positive” rating in a research report on Wednesday, September 24th. Morgan Stanley boosted their target price on shares of C.H. Robinson Worldwide from $71.00 to $77.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. Finally, Truist Financial increased their price target on shares of C.H. Robinson Worldwide from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

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.