Bayforest Capital Ltd acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 846 shares of the transportation company’s stock, valued at approximately $81,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in C.H. Robinson Worldwide by 2.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company’s stock valued at $2,573,000 after buying an additional 589 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of C.H. Robinson Worldwide by 3.2% during the first quarter. State of Alaska Department of Revenue now owns 13,908 shares of the transportation company’s stock valued at $1,424,000 after acquiring an additional 430 shares during the last quarter. Johnson Investment Counsel Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth about $467,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,214 shares of the transportation company’s stock worth $1,558,000 after purchasing an additional 360 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of C.H. Robinson Worldwide by 172.6% in the first quarter. Retirement Systems of Alabama now owns 69,761 shares of the transportation company’s stock worth $7,144,000 after purchasing an additional 44,168 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.
C.H. Robinson Worldwide Stock Performance
C.H. Robinson Worldwide stock opened at $127.39 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $138.00. 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 company has a market capitalization of $15.04 billion, a P/E ratio of 29.02, a PEG ratio of 1.74 and a beta of 0.90. The stock’s 50 day moving average is $128.74 and its 200 day moving average is $107.54.
C.H. Robinson Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a $0.62 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.9%. C.H. Robinson Worldwide’s payout ratio is currently 56.49%.
Analyst Ratings Changes
A number of research firms have commented on CHRW. Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and upped their price target for the company from $134.00 to $148.00 in a research report on Wednesday, October 8th. UBS Group lifted their price target on shares of C.H. Robinson Worldwide from $133.00 to $166.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Wolfe Research upgraded shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a report on Tuesday, July 1st. Raymond James Financial raised their target price on shares of C.H. Robinson Worldwide from $111.00 to $158.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.05.
Read Our Latest Research Report on CHRW
Insider Activity
In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the sale, the insider directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the transaction, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock valued at $1,714,544 over the last three months. Insiders own 1.47% of the company’s stock.
C.H. Robinson Worldwide Company Profile
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.
Recommended Stories
- Five stocks we like better than C.H. Robinson Worldwide
- The Basics of Support and Resistance
- This AI Chip Giant Could Be the Market’s Next Big Winner
- Why Are These Companies Considered Blue Chips?
- Broadcom Inks OpenAI Deal: Why It’s A Huge Win for AVGO Stock
- Canada Bond Market Holiday: How to Invest and Trade
- Institutions Are Fueling CrowdStrike’s Next Leg Higher
Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report).
Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.