Tevis Investment Management Acquires 1,307 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Tevis Investment Management lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16.1% during the second quarter, HoldingsChannel reports. The firm owned 9,421 shares of the transportation company’s stock after purchasing an additional 1,307 shares during the period. Tevis Investment Management’s holdings in C.H. Robinson Worldwide were worth $910,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. North Capital Inc. bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $25,000. WPG Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $32,000. FNY Investment Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter worth about $38,000. Cullen Frost Bankers Inc. lifted its stake in shares of C.H. Robinson Worldwide by 203.4% in the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after buying an additional 299 shares during the period. Finally, National Pension Service lifted its stake in shares of C.H. Robinson Worldwide by 74.4% in the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock valued at $44,000 after buying an additional 183 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHRW has been the subject of several research reports. Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Thursday, July 31st. Wells Fargo & Company increased their target price on shares of C.H. Robinson Worldwide from $127.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Baird R W upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. UBS Group increased their target price on shares of C.H. Robinson Worldwide from $133.00 to $166.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Wolfe Research upgraded shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $136.05.

C.H. Robinson Worldwide Stock Up 2.4%

Shares of CHRW opened at $129.06 on Tuesday. The stock has a market cap of $15.24 billion, a price-to-earnings ratio of 29.40, a P/E/G ratio of 1.74 and a beta of 0.90. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00. The company has a 50-day moving average price of $129.58 and a two-hundred day moving average price of $109.24.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 earnings per share. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 56.49%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,713 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the sale, the insider owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael John Short sold 6,364 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the sale, the insider directly owned 60,401 shares of the company’s stock, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,577 shares of company stock valued at $1,714,544. Corporate insiders own 0.91% 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.