C.H. Robinson Worldwide, Inc. $CHRW Stock Holdings Increased by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 12,603 shares of the transportation company’s stock after buying an additional 334 shares during the period. OmniStar Financial Group Inc.’s holdings in C.H. Robinson Worldwide were worth $1,209,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $32,000. FNY Investment Advisers LLC purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth approximately $38,000. Cullen Frost Bankers Inc. grew its stake in C.H. Robinson Worldwide by 203.4% in the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 299 shares in the last quarter. National Pension Service increased its holdings in C.H. Robinson Worldwide by 74.4% in the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after buying an additional 183 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth $51,000. Institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 49,884 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. This trade represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the sale, the insider directly owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Trading Up 0.8%

C.H. Robinson Worldwide stock opened at $152.80 on Friday. The company has a market cap of $18.05 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 1.79 and a beta of 0.88. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $158.70. The firm has a 50-day moving average of $135.77 and a 200-day moving average of $114.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.6%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, December 5th. C.H. Robinson Worldwide’s payout ratio is 51.12%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Benchmark restated a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, October 8th. Barclays lifted their price target on shares of C.H. Robinson Worldwide from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and raised their target price for the company from $134.00 to $148.00 in a research note on Wednesday, October 8th. Finally, UBS Group increased their price objective on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $143.00.

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.