C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock Holdings Lifted by SlateStone Wealth LLC

SlateStone Wealth LLC raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,410 shares of the transportation company’s stock after purchasing an additional 250 shares during the quarter. SlateStone Wealth LLC’s holdings in C.H. Robinson Worldwide were worth $662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after acquiring an additional 111 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $210,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of C.H. Robinson Worldwide by 1.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 344,316 shares of the transportation company’s stock worth $38,002,000 after acquiring an additional 3,436 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of C.H. Robinson Worldwide by 62.3% during the 3rd quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock worth $3,549,000 after acquiring an additional 12,348 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of C.H. Robinson Worldwide by 121.9% during the 3rd quarter. Huntington National Bank now owns 901 shares of the transportation company’s stock worth $99,000 after acquiring an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CHRW. Barclays upped their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. StockNews.com cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Raymond James cut their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, BMO Capital Markets boosted their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.65.

C.H. Robinson Worldwide Trading Up 2.1 %

CHRW stock opened at $98.38 on Monday. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The firm has a market cap of $11.68 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.16 and a beta of 0.83. The business’s 50 day moving average is $101.13 and its 200-day moving average is $104.55. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.52%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock worth $1,513,656 in the last three months. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide 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.