Contravisory Investment Management Inc. Acquires Shares of 5,253 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Contravisory Investment Management Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, Holdings Channel reports. The fund bought 5,253 shares of the transportation company’s stock, valued at approximately $543,000.

Other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. raised its stake in C.H. Robinson Worldwide by 0.9% in the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock worth $1,230,000 after purchasing an additional 98 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of C.H. Robinson Worldwide by 13.6% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock valued at $110,000 after buying an additional 120 shares during the period. SkyView Investment Advisors LLC grew its position in C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after buying an additional 144 shares in the last quarter. Finally, Diversified Trust Co increased its stake in C.H. Robinson Worldwide by 5.0% during the 4th quarter. Diversified Trust Co now owns 3,414 shares of the transportation company’s stock worth $353,000 after acquiring an additional 164 shares during the period. Institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the business’s 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 in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $103.03 on Thursday. The company has a market capitalization of $12.18 billion, a P/E ratio of 35.65, a PEG ratio of 1.25 and a beta of 0.83. The company has a fifty day moving average price of $106.52 and a 200-day moving average price of $102.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were issued a $0.62 dividend. 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 payout ratio is presently 85.81%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Raymond James raised C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.00 target price on the stock in a report on Friday, January 10th. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a report on Friday, December 13th. Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, December 16th. BMO Capital Markets lifted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Finally, Evercore ISI upped their target price on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.35.

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.