OLD National Bancorp IN Makes New $246,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

OLD National Bancorp IN acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,562 shares of the transportation company’s stock, valued at approximately $246,000.

Several other large investors also recently added to or reduced their stakes in CHRW. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 2.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 105 shares during the last quarter. Perpetual Ltd lifted its holdings in shares of C.H. Robinson Worldwide by 2.3% during the 2nd quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock valued at $483,000 after purchasing an additional 112 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of C.H. Robinson Worldwide by 5.5% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company’s stock valued at $223,000 after purchasing an additional 114 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its holdings in shares of C.H. Robinson Worldwide by 1.9% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company’s stock valued at $663,000 after purchasing an additional 121 shares during the last quarter. Finally, Benedict Financial Advisors Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 0.9% during the 1st quarter. Benedict Financial Advisors Inc. now owns 13,243 shares of the transportation company’s stock valued at $1,356,000 after purchasing an additional 124 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $134.04 on Thursday. The business’s 50-day moving average is $127.24 and its two-hundred day moving average is $106.31. The company has a market capitalization of $15.83 billion, a P/E ratio of 30.53, a P/E/G ratio of 1.85 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.12. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 56.49%.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 5,713 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the sale, the insider directly owned 65,728 shares in the company, valued at $7,640,222.72. This trade represents a 8.00% 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 Michael John Short sold 6,364 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 in the company, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,577 shares of company stock valued at $1,714,544. Company insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHRW. Weiss Ratings reiterated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a report on Wednesday. Susquehanna set a $165.00 price objective on C.H. Robinson Worldwide and gave the company a “positive” rating in a report on Wednesday, September 24th. Raymond James Financial set a $111.00 target price on C.H. Robinson Worldwide and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. UBS Group raised their target price on C.H. Robinson Worldwide from $133.00 to $166.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, Robert W. Baird upgraded C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $130.57.

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.