Exchange Traded Concepts LLC Grows Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Exchange Traded Concepts LLC lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 41.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,426 shares of the transportation company’s stock after acquiring an additional 36,401 shares during the quarter. Exchange Traded Concepts LLC owned 0.11% of C.H. Robinson Worldwide worth $20,003,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CHRW. Transcend Capital Advisors LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth $460,000. Raiffeisen Bank International AG acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $937,000. Mairs & Power Inc. increased its stake in shares of C.H. Robinson Worldwide by 0.7% during the third quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock worth $115,153,000 after purchasing an additional 6,188 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in C.H. Robinson Worldwide by 8,726.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock valued at $2,341,000 after buying an additional 17,452 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in C.H. Robinson Worldwide by 91.8% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,774 shares of the transportation company’s stock worth $1,559,000 after buying an additional 5,634 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CHRW shares. Sanford C. Bernstein raised their target price on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a “market perform” rating in a research report on Friday, January 9th. TD Cowen raised their price objective on C.H. Robinson Worldwide from $165.00 to $194.00 and gave the company a “hold” rating in a report on Thursday, January 29th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $149.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, January 14th. Raymond James Financial restated an “outperform” rating and set a $215.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, Benchmark raised their target price on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $182.83.

C.H. Robinson Worldwide Stock Down 3.6%

CHRW stock opened at $161.57 on Friday. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $203.34. The firm has a market cap of $19.04 billion, a PE ratio of 33.45, a PEG ratio of 1.76 and a beta of 0.90. The firm’s 50 day moving average price is $181.28 and its 200-day moving average price is $159.72. 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 (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.17%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Arun Rajan bought 605 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were bought at an average price of $167.11 per share, with a total value of $101,101.55. Following the completion of the transaction, the insider directly owned 133,656 shares of the company’s stock, valued at $22,335,254.16. This represents a 0.45% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael D. Castagnetto bought 594 shares of the stock in a transaction on Thursday, February 12th. The shares were bought at an average cost of $168.24 per share, with a total value of $99,934.56. Following the purchase, the insider owned 35,488 shares of the company’s stock, valued at $5,970,501.12. This trade represents a 1.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. Corporate insiders own 1.47% of the company’s stock.

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.