Brooklyn Investment Group Grows Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Brooklyn Investment Group grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 213.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 464 shares of the transportation company’s stock after buying an additional 316 shares during the period. Brooklyn Investment Group’s holdings in C.H. Robinson Worldwide were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CHRW. Vanguard Personalized Indexing Management LLC raised its holdings in C.H. Robinson Worldwide by 19.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,506 shares of the transportation company’s stock valued at $1,102,000 after acquiring an additional 2,009 shares during the period. AE Wealth Management LLC raised its stake in shares of C.H. Robinson Worldwide by 23.3% during the 2nd quarter. AE Wealth Management LLC now owns 30,607 shares of the transportation company’s stock valued at $2,697,000 after purchasing an additional 5,780 shares during the period. Legacy Financial Advisors Inc. boosted its stake in C.H. Robinson Worldwide by 45.7% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 6,752 shares of the transportation company’s stock worth $595,000 after purchasing an additional 2,118 shares during the period. ProShare Advisors LLC grew its holdings in C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock valued at $222,837,000 after buying an additional 526,872 shares in the last quarter. Finally, Public Sector Pension Investment Board bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at about $411,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $103.58 on Monday. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 35.84, a PEG ratio of 0.83 and a beta of 0.83. The stock has a fifty day moving average of $106.32 and a 200 day moving average of $102.71. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week 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 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a dividend of $0.62 per share. The ex-dividend date was Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.39%. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CHRW. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $118.00 to $130.00 in a report on Monday, December 9th. Stifel Nicolaus increased their price objective on C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research note on Friday, December 13th. TD Cowen lifted their price target 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. Finally, Susquehanna upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $115.00 to $130.00 in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.65.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto sold 2,032 shares of the company’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 value of $210,941.92. Following the sale, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction on Monday, November 11th. The shares were 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 of the company’s stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

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.