400 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Acquired by Missouri Trust & Investment Co

Missouri Trust & Investment Co purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 400 shares of the transportation company’s stock, valued at approximately $41,000.

Other large investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC lifted its position in C.H. Robinson Worldwide by 19.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,506 shares of the transportation company’s stock worth $1,102,000 after buying an additional 2,009 shares during the period. Public Sector Pension Investment Board purchased a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $411,000. Bank of Montreal Can raised its stake in C.H. Robinson Worldwide by 16.5% during the second quarter. Bank of Montreal Can now owns 260,064 shares of the transportation company’s stock worth $23,297,000 after purchasing an additional 36,769 shares during the period. Point72 DIFC Ltd acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $955,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of C.H. Robinson Worldwide by 60.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,162 shares of the transportation company’s stock valued at $1,953,000 after buying an additional 8,356 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CHRW has been the topic of several research reports. TD Cowen increased their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Barclays raised their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Susquehanna upgraded C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $115.00 to $130.00 in a report on Friday, January 3rd. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $118.00 to $130.00 in a report on Monday, December 9th. Finally, UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average target price of $114.65.

C.H. Robinson Worldwide Stock Up 1.7 %

CHRW stock opened at $105.39 on Wednesday. The company has a market capitalization of $12.46 billion, a P/E ratio of 36.47, a PEG ratio of 0.86 and a beta of 0.83. The firm has a 50 day simple moving average of $106.14 and a 200-day simple moving average of $102.96. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the company earned $0.84 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.39 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

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.