Ashton Thomas Private Wealth LLC Raises Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Ashton Thomas Private Wealth LLC grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 252,787 shares of the transportation company’s stock after buying an additional 459 shares during the quarter. C.H. Robinson Worldwide accounts for 0.9% of Ashton Thomas Private Wealth LLC’s holdings, making the stock its 20th largest holding. Ashton Thomas Private Wealth LLC owned about 0.21% of C.H. Robinson Worldwide worth $24,412,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. North Capital Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth $25,000. WPG Advisers LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth $32,000. FNY Investment Advisers LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth $38,000. National Pension Service lifted its holdings in shares of C.H. Robinson Worldwide by 74.4% in the 1st quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after buying an additional 183 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 203.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock worth $43,000 after buying an additional 299 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 0.5%

Shares of NASDAQ:CHRW opened at $126.06 on Monday. The business’s 50-day moving average is $129.45 and its 200 day moving average is $108.98. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $138.00. The firm has a market capitalization of $14.89 billion, a P/E ratio of 28.72, a P/E/G ratio of 1.74 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 56.49%.

Analysts Set New Price Targets

Several research analysts have recently commented on CHRW shares. UBS Group boosted their price target on C.H. Robinson Worldwide from $133.00 to $166.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Raymond James Financial boosted their price target on C.H. Robinson Worldwide from $111.00 to $158.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $134.00 to $148.00 in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on C.H. Robinson Worldwide from $126.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $136.05.

Insider Activity

In other news, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arun Rajan sold 2,500 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares in the company, valued at $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. Over the last three months, insiders have sold 14,577 shares of company stock valued at $1,714,544. Company insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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.