Accredited Investors Inc. increased its holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 3.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,854 shares of the transportation company’s stock after buying an additional 2,229 shares during the period. C.H. Robinson Worldwide accounts for 1.2% of Accredited Investors Inc.’s investment portfolio, making the stock its 22nd biggest position. Accredited Investors Inc.’s holdings in C.H. Robinson Worldwide were worth $5,990,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Synovus Financial Corp boosted its holdings in C.H. Robinson Worldwide by 80.0% in the 4th quarter. Synovus Financial Corp now owns 288 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 128 shares during the period. Bremer Trust National Association purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $37,000. JOYN Advisors Inc. raised its position in shares of C.H. Robinson Worldwide by 102.2% during the 4th quarter. JOYN Advisors Inc. now owns 542 shares of the transportation company’s stock valued at $46,000 after buying an additional 274 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $51,000. Finally, Claybrook Capital LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $53,000. 87.86% of the stock is owned by institutional investors.
In related news, insider Jordan T. Kass sold 1,382 shares of the business’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $90.80, for a total transaction of $125,485.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 2,914 shares of the business’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $91.01, for a total transaction of $265,203.14. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.
C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, January 29th. The transportation company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.24 billion. C.H. Robinson Worldwide had a net margin of 4.00% and a return on equity of 43.12%. During the same quarter in the previous year, the firm posted $0.86 EPS. On average, research analysts forecast that C.H. Robinson Worldwide Inc will post 5.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 28th. C.H. Robinson Worldwide’s payout ratio is currently 42.28%.
A number of equities analysts have issued reports on CHRW shares. BidaskClub cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Credit Suisse Group decreased their price objective on shares of C.H. Robinson Worldwide from $86.00 to $80.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 15th. Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Tuesday, January 15th. Stifel Nicolaus set a $99.00 price objective on shares of C.H. Robinson Worldwide and gave the company a “hold” rating in a research report on Monday, March 25th. Finally, Barclays boosted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and an average price target of $95.14.
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C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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