Contravisory Investment Management Inc. Acquires New Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Contravisory Investment Management Inc. purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,253 shares of the transportation company’s stock, valued at approximately $543,000.

Other large investors also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the period. Quarry LP grew its stake in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after buying an additional 171 shares during the last quarter. Eastern Bank bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth $54,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth $55,000. Finally, Peoples Bank KS bought a new stake in C.H. Robinson Worldwide during the third quarter valued at about $66,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.2 %

NASDAQ:CHRW opened at $103.03 on Thursday. The stock’s fifty day simple moving average is $106.52 and its 200-day simple moving average is $102.37. The firm has a market capitalization of $12.18 billion, a P/E ratio of 35.65, a P/E/G ratio of 1.25 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.41%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Citigroup upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 13th. Barclays increased their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Stifel Nicolaus upped their price objective on shares of C.H. Robinson Worldwide from $107.00 to $112.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.35.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction 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 firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

About C.H. Robinson Worldwide

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.