Northstar Advisory Group LLC Invests $863,000 in C.H. Robinson Worldwide, Inc. $CHRW

Northstar Advisory Group LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 5,369 shares of the transportation company’s stock, valued at approximately $863,000.

Several other hedge funds have also bought and sold shares of CHRW. Vermillion & White Wealth Management Group LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $30,000. Clearstead Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Arlington Trust Co LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth approximately $34,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $161.92 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The company’s fifty day moving average price is $181.00 and its 200-day moving average price is $160.40. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $203.34. The company has a market capitalization of $19.08 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. C.H. Robinson Worldwide’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is 52.17%.

Analyst Ratings Changes

Several equities analysts have weighed in on CHRW shares. Barclays raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $145.00 to $200.00 in a report on Tuesday, December 16th. Robert W. Baird set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Wells Fargo & Company lifted their target price on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Stifel Nicolaus increased their price target on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Benchmark raised their price target on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $182.83.

Insider Buying and Selling

In other news, CEO David P. Bozeman purchased 1,223 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average cost of $163.34 per share, with a total value of $199,764.82. Following the completion of the purchase, the chief executive officer owned 190,600 shares in the company, valued at approximately $31,132,604. This represents a 0.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael John Short sold 6,368 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the transaction, the insider owned 52,101 shares of the company’s stock, valued at $10,487,931.30. This represents a 10.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders bought 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. Corporate insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.