USA Financial Formulas Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

USA Financial Formulas acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,994 shares of the transportation company’s stock, valued at approximately $794,000.

Other large investors have also recently bought and sold shares of the company. State of Michigan Retirement System raised its position in C.H. Robinson Worldwide by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 32,292 shares of the transportation company’s stock worth $3,098,000 after buying an additional 100 shares during the last quarter. Assetmark Inc. increased its stake in shares of C.H. Robinson Worldwide by 26.3% in the second quarter. Assetmark Inc. now owns 529 shares of the transportation company’s stock worth $51,000 after acquiring an additional 110 shares during the period. Perpetual Ltd increased its stake in shares of C.H. Robinson Worldwide by 2.3% in the second quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock worth $483,000 after acquiring an additional 112 shares during the period. Mutual Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide by 1.4% during the second 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 last quarter. Finally, Matrix Trust Co lifted its position in C.H. Robinson Worldwide by 9.2% during the second quarter. Matrix Trust Co now owns 1,521 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity

In related news, insider Michael D. Castagnetto sold 45,266 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the sale, the insider directly owned 34,046 shares in the company, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. The trade was a 43.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.9%

Shares of NASDAQ:CHRW opened at $166.46 on Friday. The business’s 50 day moving average price is $148.19 and its 200-day moving average price is $125.87. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $167.10. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.59 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 earnings per share. On average, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio is 51.12%.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of recent research reports. Truist Financial lifted their price objective on C.H. Robinson Worldwide from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Barclays raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $145.00 to $200.00 in a report on Tuesday. Evercore ISI boosted their price target on C.H. Robinson Worldwide from $155.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. The Goldman Sachs Group raised their price objective on shares of C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Finally, Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $147.48.

C.H. Robinson Worldwide Company 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.