Strs Ohio Increases Position in C.H. Robinson Worldwide, Inc. $CHRW

Strs Ohio lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 252.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,914 shares of the transportation company’s stock after buying an additional 7,105 shares during the period. Strs Ohio’s holdings in C.H. Robinson Worldwide were worth $1,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in C.H. Robinson Worldwide by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after acquiring an additional 24,788 shares during the period. United Services Automobile Association acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $259,000. Empowered Funds LLC raised its stake in shares of C.H. Robinson Worldwide by 2.3% during the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after purchasing an additional 350 shares during the last quarter. Woodline Partners LP raised its stake in shares of C.H. Robinson Worldwide by 41.3% during the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after purchasing an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity

In other C.H. Robinson Worldwide news, CEO David P. Bozeman purchased 1,223 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were purchased at an average cost of $163.34 per share, with a total value of $199,764.82. Following the purchase, the chief executive officer owned 190,600 shares in the company, valued at approximately $31,132,604. This represents a 0.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Angela K. Freeman sold 8,579 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the transaction, the insider directly owned 55,611 shares of the company’s stock, valued at $11,151,117.72. This trade represents a 13.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders bought a total of 2,422 shares of company stock valued at $400,801 in the last three months. Company insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CHRW. Stifel Nicolaus boosted their price objective on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, May 1st. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Truist Financial lifted their target price on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Wells Fargo & Company raised their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.27.

C.H. Robinson Worldwide Stock Up 0.9%

Shares of NASDAQ CHRW opened at $168.59 on Thursday. The firm’s 50-day moving average is $175.19 and its two-hundred day moving average is $167.93. The company has a market capitalization of $19.87 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 1.67 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12-month low of $86.58 and a 12-month high of $203.34. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.53.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.07 EPS for the current fiscal year.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.