Venturi Wealth Management LLC Raises Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Venturi Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 420.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,269 shares of the transportation company’s stock after purchasing an additional 1,025 shares during the quarter. Venturi Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $131,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Missouri Trust & Investment Co bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $41,000. Quarry LP raised its position in shares of C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after buying an additional 171 shares during the last quarter. Brooklyn Investment Group raised its position in shares of C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after buying an additional 316 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $52,000. Finally, Eastern Bank bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity

In related news, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CHRW. JPMorgan Chase & Co. reduced their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Benchmark reiterated a “buy” rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. Barclays boosted their price target on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Finally, Citigroup reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $117.17.

C.H. Robinson Worldwide Trading Up 0.5 %

CHRW stock opened at $100.88 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.16 and a beta of 0.82. The firm’s fifty day simple moving average is $102.86 and its two-hundred day simple moving average is $104.62.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

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.