5,369 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Northstar Advisory Group LLC

Northstar Advisory Group LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, Holdings Channel reports. The fund acquired 5,369 shares of the transportation company’s stock, valued at approximately $863,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHRW. Mn Services Vermogensbeheer B.V. lifted its stake in shares of C.H. Robinson Worldwide by 1.4% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 45,281 shares of the transportation company’s stock valued at $7,279,000 after purchasing an additional 604 shares during the last quarter. ORG Partners LLC increased its position in shares of C.H. Robinson Worldwide by 70.7% during the 4th quarter. ORG Partners LLC now owns 1,622 shares of the transportation company’s stock valued at $261,000 after purchasing an additional 672 shares during the last quarter. ORG Wealth Partners LLC raised its holdings in C.H. Robinson Worldwide by 115.7% during the 4th quarter. ORG Wealth Partners LLC now owns 4,206 shares of the transportation company’s stock valued at $676,000 after buying an additional 2,256 shares during the period. Goelzer Investment Management Inc. bought a new stake in C.H. Robinson Worldwide in the fourth quarter worth $935,000. Finally, Exchange Traded Concepts LLC lifted its position in C.H. Robinson Worldwide by 41.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 124,426 shares of the transportation company’s stock worth $20,003,000 after buying an additional 36,401 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wolfe Research reiterated an “outperform” rating and set a $188.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 8th. Sanford C. Bernstein lifted their price target on shares of C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a “market perform” rating in a research note on Friday, January 9th. UBS Group set a $160.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $200.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Fifteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.83.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $161.92 on Tuesday. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $203.34. The firm has a market cap of $19.08 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 1.70 and a beta of 0.90. The business’s fifty day simple moving average is $181.00 and its two-hundred day simple moving average is $160.40. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.21 earnings per share. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.6%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 52.17%.

Insider Activity

In other news, insider Angela K. Freeman sold 8,579 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the completion of the sale, the insider owned 55,611 shares of the company’s stock, valued at approximately $11,151,117.72. The trade was a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Castagnetto acquired 594 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average cost of $168.24 per share, for a total transaction of $99,934.56. Following the purchase, the insider owned 35,488 shares of the company’s stock, valued at $5,970,501.12. This represents a 1.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. Insiders own 0.91% of the company’s stock.

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.