Leavell Investment Management Inc. increased its stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 31.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,200 shares of the transportation company’s stock after purchasing an additional 1,000 shares during the period. Leavell Investment Management Inc.’s holdings in C.H. Robinson Worldwide were worth $374,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Nicolet Bankshares Inc. bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $202,000. Integrated Investment Consultants LLC increased its position in shares of C.H. Robinson Worldwide by 39.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock worth $204,000 after purchasing an additional 750 shares during the period. Fox Run Management L.L.C. bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $205,000. Conning Inc. bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $213,000. Finally, Zions Bancorporation bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $223,000. Institutional investors own 94.22% of the company’s stock.
Shares of C.H. Robinson Worldwide Inc (NASDAQ CHRW) opened at $94.28 on Friday. C.H. Robinson Worldwide Inc has a 12 month low of $63.41 and a 12 month high of $94.51. The company has a market capitalization of $13,121.08, a PE ratio of 28.04, a PEG ratio of 2.86 and a beta of 0.48. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.24 and a current ratio of 1.24.
C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.03. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. sell-side analysts anticipate that C.H. Robinson Worldwide Inc will post 3.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, December 15th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 54.93%.
CHRW has been the topic of a number of recent analyst reports. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their price target for the stock from $70.00 to $86.00 in a research report on Tuesday, October 10th. Credit Suisse Group restated a “sell” rating and issued a $68.00 price target (up previously from $63.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, October 12th. They noted that the move was a valuation call. Cowen upgraded C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $68.00 to $87.00 in a research report on Monday, October 16th. Zacks Investment Research cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Oppenheimer reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, November 1st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $78.18.
In other news, VP Angela K. Freeman sold 1,300 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total transaction of $104,832.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ben G. Campbell sold 4,865 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $85.00, for a total value of $413,525.00. Following the sale, the vice president now directly owns 29,837 shares in the company, valued at $2,536,145. The disclosure for this sale can be found here. Insiders have sold 22,903 shares of company stock worth $1,854,925 over the last three months. Insiders own 0.85% of the company’s stock.
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C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.
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