GKV Capital Management Co. Inc. Acquires New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

GKV Capital Management Co. Inc. acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,354 shares of the transportation company’s stock, valued at approximately $139,000.

Other institutional investors have also recently bought and sold shares of the company. North Capital Inc. acquired a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $25,000. NBC Securities Inc. acquired a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $27,000. First Financial Corp IN acquired a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $31,000. WPG Advisers LLC acquired a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $32,000. Finally, AdvisorNet Financial Inc grew its holdings in C.H. Robinson Worldwide by 252.1% during the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $128.70 on Friday. The company’s fifty day simple moving average is $108.23 and its 200-day simple moving average is $100.01. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a market cap of $15.20 billion, a PE ratio of 29.32, a P/E/G ratio of 2.03 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $131.17.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the company earned $1.15 earnings per share. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide’s payout ratio is currently 56.49%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the transaction, the insider directly owned 60,401 shares in the company, valued at $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Arun Rajan sold 2,500 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the transaction, the insider owned 130,591 shares in the company, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,577 shares of company stock worth $1,714,544 over the last ninety days. Insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CHRW. Susquehanna reaffirmed a “positive” rating and issued a $120.00 price target (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. Baird R W raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. UBS Group reaffirmed a “buy” rating and issued a $133.00 price target (up previously from $129.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. Finally, Citigroup lifted their price target on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $117.24.

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.