Northstar Advisory Group LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,680 shares of the transportation company’s stock, valued at approximately $587,000.
A number of other hedge funds have also made changes to their positions in the stock. D.A. Davidson & CO. grew its holdings in C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after purchasing an additional 443 shares during the last quarter. Chesapeake Capital Corp IL bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth $835,000. JPMorgan Chase & Co. lifted its position in C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after acquiring an additional 36,769 shares during the last quarter. Franklin Resources Inc. boosted its holdings in C.H. Robinson Worldwide by 59.6% during the third quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after acquiring an additional 27,370 shares during the period. Finally, abrdn plc increased its stake in shares of C.H. Robinson Worldwide by 2.6% in the third quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock worth $55,818,000 after purchasing an additional 12,992 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.
Insider Transactions at C.H. Robinson Worldwide
In related news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Read Our Latest Research Report on CHRW
C.H. Robinson Worldwide Price Performance
Shares of NASDAQ:CHRW traded up $1.81 during midday trading on Monday, reaching $103.57. The company’s stock had a trading volume of 807,956 shares, compared to its average volume of 809,073. The business’s fifty day simple moving average is $106.61 and its 200-day simple moving average is $102.15. The company has a market capitalization of $12.24 billion, a P/E ratio of 35.84, a P/E/G ratio of 1.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current fiscal year.
C.H. Robinson Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is 85.81%.
C.H. Robinson Worldwide 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.
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