Golden State Equity Partners Acquires 217 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Golden State Equity Partners lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,948 shares of the transportation company’s stock after purchasing an additional 217 shares during the period. Golden State Equity Partners’ holdings in C.H. Robinson Worldwide were worth $379,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CHRW. Boston Partners bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $234,304,000. Allianz Asset Management GmbH boosted its position in shares of C.H. Robinson Worldwide by 144.4% during the 1st quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company’s stock valued at $80,292,000 after purchasing an additional 463,216 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of C.H. Robinson Worldwide by 7,706.1% during the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company’s stock valued at $46,578,000 after purchasing an additional 449,034 shares in the last quarter. Nuveen LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $40,825,000. Finally, Northern Trust Corp boosted its position in shares of C.H. Robinson Worldwide by 30.3% during the 1st quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock valued at $174,393,000 after purchasing an additional 396,264 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $134.24 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 2.10 and a beta of 0.87. The stock has a 50 day moving average of $119.78 and a 200 day moving average of $103.73. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the business posted $1.15 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 56.49%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the sale, the insider directly owned 60,401 shares of the company’s stock, valued at $7,081,413.24. This trade represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Angela K. Freeman sold 5,713 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares of the company’s stock, valued at $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock valued at $1,714,544 over the last ninety days. 0.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup increased their price target on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Raymond James Financial set a $111.00 price target on C.H. Robinson Worldwide and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Robert W. Baird upgraded C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Thursday, July 31st. UBS Group reiterated a “buy” rating and issued a $133.00 price target (up previously from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Finally, TD Cowen increased their price target on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.24.

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.