Manchester Capital Management LLC Takes Position in C.H. Robinson Worldwide Inc (CHRW)

Manchester Capital Management LLC purchased a new stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 6,000 shares of the transportation company’s stock, valued at approximately $535,000.

Several other large investors have also recently made changes to their positions in the stock. Capital International Investors raised its position in shares of C.H. Robinson Worldwide by 5.6% in the 3rd quarter. Capital International Investors now owns 9,166,834 shares of the transportation company’s stock valued at $697,596,000 after acquiring an additional 488,372 shares during the period. First Eagle Investment Management LLC raised its holdings in C.H. Robinson Worldwide by 51.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,370,010 shares of the transportation company’s stock worth $484,758,000 after buying an additional 2,161,520 shares during the period. Baillie Gifford & Co. raised its holdings in C.H. Robinson Worldwide by 1.3% during the 3rd quarter. Baillie Gifford & Co. now owns 5,184,766 shares of the transportation company’s stock worth $394,561,000 after buying an additional 68,050 shares during the period. The Manufacturers Life Insurance Company raised its holdings in C.H. Robinson Worldwide by 603.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,486,481 shares of the transportation company’s stock worth $132,430,000 after buying an additional 1,275,215 shares during the period. Finally, Clarkston Capital Partners LLC raised its holdings in C.H. Robinson Worldwide by 34.1% during the 3rd quarter. Clarkston Capital Partners LLC now owns 1,441,827 shares of the transportation company’s stock worth $109,723,000 after buying an additional 366,756 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

In other news, VP Angela K. Freeman sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $80.64, for a total transaction of $104,832.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris Obrien sold 3,909 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $90.85, for a total transaction of $355,132.65. The disclosure for this sale can be found here. Insiders have sold a total of 24,020 shares of company stock valued at $2,157,637 over the last ninety days. Company insiders own 0.85% of the company’s stock.

C.H. Robinson Worldwide Inc (CHRW) opened at $92.43 on Thursday. The firm has a market cap of $12,955.34, a P/E ratio of 25.89, a PEG ratio of 2.40 and a beta of 0.46. C.H. Robinson Worldwide Inc has a 52 week low of $63.41 and a 52 week high of $100.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.24 and a current ratio of 1.26.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, March 1st. This represents a $1.84 annualized dividend and a dividend yield of 1.99%. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.54%.

Several brokerages have commented on CHRW. Cleveland Research upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $71.00 to $82.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. Barclays raised their target price on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. KeyCorp restated an “overweight” rating on shares of C.H. Robinson Worldwide in a report on Wednesday, January 24th. Finally, Robert W. Baird restated a “hold” rating and set a $95.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $82.53.

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About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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