C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Mairs & Power Inc.

Mairs & Power Inc. boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.7% during the third quarter, Holdings Channel reports. The firm owned 869,738 shares of the transportation company’s stock after buying an additional 6,188 shares during the quarter. C.H. Robinson Worldwide comprises approximately 1.1% of Mairs & Power Inc.’s holdings, making the stock its 29th biggest position. Mairs & Power Inc.’s holdings in C.H. Robinson Worldwide were worth $115,153,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Clearstead Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after buying an additional 128 shares in the last quarter. Arlington Trust Co LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $34,000. Quent Capital LLC acquired a new position in C.H. Robinson Worldwide during the third quarter worth about $37,000. CYBER HORNET ETFs LLC purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $30,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,368 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the transaction, the insider directly owned 52,101 shares of the company’s stock, valued at approximately $10,487,931.30. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David P. Bozeman acquired 1,223 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was purchased at an average price of $163.34 per share, for a total transaction of $199,764.82. Following the acquisition, the chief executive officer directly owned 190,600 shares in the company, valued at $31,132,604. This represents a 0.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. Insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.6%

CHRW stock opened at $170.48 on Tuesday. The stock has a market capitalization of $20.22 billion, a P/E ratio of 35.30, a PEG ratio of 1.78 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $203.34. The company has a 50 day moving average price of $181.67 and a two-hundred day moving average price of $157.56.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company earned $1.21 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 52.17%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CHRW. The Goldman Sachs Group reissued a “neutral” rating and set a $149.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. Benchmark raised their price target on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Citigroup boosted their price target on C.H. Robinson Worldwide from $177.00 to $202.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. UBS Group set a $160.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, TD Cowen increased their price objective on C.H. Robinson Worldwide from $165.00 to $194.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.29.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.