C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Position Boosted by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,203 shares of the transportation company’s stock after acquiring an additional 639 shares during the period. Twelve Points Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,457,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB bought a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $1,051,000. Norden Group LLC bought a new position in C.H. Robinson Worldwide during the 1st quarter valued at $4,585,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of C.H. Robinson Worldwide by 13.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock valued at $16,301,000 after purchasing an additional 26,156 shares during the period. Cetera Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth $6,665,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of C.H. Robinson Worldwide by 30.6% in the first quarter. Janney Montgomery Scott LLC now owns 144,984 shares of the transportation company’s stock valued at $11,039,000 after buying an additional 33,995 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.4 %

NASDAQ CHRW opened at $110.64 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $113.10. The firm’s fifty day simple moving average is $103.74 and its 200-day simple moving average is $90.27. The company has a market capitalization of $12.96 billion, a PE ratio of 43.73, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.19. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.24%. The ex-dividend date was Friday, September 6th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 98.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CHRW shares. Barclays boosted their price target on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Tuesday, July 9th. Benchmark raised their target price on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup began coverage on C.H. Robinson Worldwide in a report on Wednesday, October 9th. They issued a “neutral” rating and a $115.00 price target on the stock. Finally, Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $99.00 in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $100.29.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

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.