Convergence Investment Partners LLC Increases Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Convergence Investment Partners LLC boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 19.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,277 shares of the transportation company’s stock after purchasing an additional 2,011 shares during the quarter. Convergence Investment Partners LLC’s holdings in C.H. Robinson Worldwide were worth $1,268,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Inspire Investing LLC acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $810,000. D.A. Davidson & CO. lifted its position in C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after buying an additional 443 shares in the last quarter. Chesapeake Capital Corp IL purchased a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $835,000. Northstar Advisory Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth $587,000. Finally, JPMorgan Chase & Co. raised its stake in shares of C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after acquiring an additional 36,769 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the business’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 completion of the transaction, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of research reports. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Friday, December 13th. Raymond James lowered their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company raised 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. Stephens reaffirmed an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Finally, TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $117.17.

C.H. Robinson Worldwide Stock Down 0.9 %

Shares of C.H. Robinson Worldwide stock opened at $99.02 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $103.35 and a 200 day moving average price of $104.60. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The firm has a market cap of $11.71 billion, a P/E ratio of 25.72, a P/E/G ratio of 1.15 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

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.