C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by Oak Thistle LLC

Oak Thistle LLC increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 243.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,795 shares of the transportation company’s stock after acquiring an additional 6,236 shares during the period. Oak Thistle LLC’s holdings in C.H. Robinson Worldwide were worth $909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC grew its position in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after acquiring an additional 111 shares during the last quarter. Quarry LP grew its position in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares during the last quarter. Eastern Bank acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $55,000. Finally, Peoples Bank KS acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth approximately $66,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares in the company, valued at $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 is available at this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.2 %

NASDAQ:CHRW opened at $103.03 on Thursday. The stock has a fifty day simple moving average of $106.59 and a 200 day simple moving average of $102.37. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period last year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 85.81%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CHRW. TD Cowen raised their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $118.00 to $130.00 in a research note on Monday, December 9th. Barclays raised their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Susquehanna upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and raised their price objective for the company from $115.00 to $130.00 in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong 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 a consensus price target of $114.35.

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.