Impact Partnership Wealth LLC Invests $291,000 in C.H. Robinson Worldwide, Inc. $CHRW

Impact Partnership Wealth LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 3,035 shares of the transportation company’s stock, valued at approximately $291,000.

A number of other institutional investors also recently bought and sold shares of the stock. Tokio Marine Asset Management Co. Ltd. raised its holdings in C.H. Robinson Worldwide by 2.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock worth $407,000 after purchasing an additional 105 shares during the period. Assetmark Inc. raised its holdings in C.H. Robinson Worldwide by 26.3% in the 2nd quarter. Assetmark Inc. now owns 529 shares of the transportation company’s stock worth $51,000 after purchasing an additional 110 shares during the period. Perpetual Ltd raised its holdings in C.H. Robinson Worldwide by 2.3% in the 2nd quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock worth $483,000 after purchasing an additional 112 shares during the period. Alliance Wealth Advisors LLC UT raised its holdings in C.H. Robinson Worldwide by 1.9% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company’s stock worth $663,000 after purchasing an additional 121 shares during the period. Finally, Mutual Advisors LLC raised its holdings in C.H. Robinson Worldwide by 1.4% in the 2nd quarter. Mutual Advisors LLC now owns 9,154 shares of the transportation company’s stock worth $940,000 after purchasing an additional 123 shares during the period. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CHRW shares. Baird R W raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. UBS Group raised their price target on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on C.H. Robinson Worldwide from $155.00 to $166.00 and gave the company an “overweight” rating in a report on Thursday. Robert W. Baird raised C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Thursday, July 31st. Finally, Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.35.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider directly owned 130,591 shares of the company’s stock, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 14,577 shares of company stock valued at $1,714,544. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Trading Up 19.7%

Shares of CHRW stock opened at $154.88 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $158.70. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The stock’s 50-day moving average price is $130.47 and its 200-day moving average price is $110.08. The stock has a market capitalization of $18.29 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 1.79 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The business’s revenue was down 10.9% compared to the same quarter last year. Equities research 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 company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide’s payout ratio is 56.49%.

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.