Virtus Investment Advisers Inc. Takes $93,000 Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Virtus Investment Advisers Inc. purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 900 shares of the transportation company’s stock, valued at approximately $93,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Inspire Investing LLC bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $810,000. Y Intercept Hong Kong Ltd bought a new stake in C.H. Robinson Worldwide in the 4th quarter worth about $211,000. SG Americas Securities LLC increased its holdings in C.H. Robinson Worldwide by 61.6% in the 4th quarter. SG Americas Securities LLC now owns 30,574 shares of the transportation company’s stock worth $3,159,000 after buying an additional 11,658 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in C.H. Robinson Worldwide by 126.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 29,256 shares of the transportation company’s stock worth $3,039,000 after buying an additional 16,338 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in C.H. Robinson Worldwide by 6.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 92,809 shares of the transportation company’s stock worth $9,589,000 after buying an additional 5,772 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Down 0.2%

Shares of CHRW opened at $100.08 on Tuesday. The business’s 50 day moving average is $94.22 and its 200 day moving average is $100.61. The company has a market capitalization of $11.88 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide, Inc. has a 12-month low of $81.39 and a 12-month high of $114.82. 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 issued its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the company earned $0.86 EPS. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. Research analysts expect 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide’s payout ratio is 59.33%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. The trade was a 9.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CHRW shares. Truist Financial started coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a “buy” rating and a $115.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on C.H. Robinson Worldwide from $126.00 to $118.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Bank of America lifted their price objective on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen raised their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They issued a “buy” rating and a $129.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $114.29.

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.