Everence Capital Management Inc. Acquires Shares of 2,780 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Everence Capital Management Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,780 shares of the transportation company’s stock, valued at approximately $287,000.

Several other hedge funds have also recently modified their holdings of CHRW. GAMMA Investing LLC boosted its holdings in C.H. Robinson Worldwide by 23.6% in the 4th quarter. GAMMA Investing LLC now owns 5,827 shares of the transportation company’s stock worth $602,000 after buying an additional 1,114 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of C.H. Robinson Worldwide by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after acquiring an additional 36,769 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth approximately $11,865,000. Franklin Resources Inc. raised its stake in C.H. Robinson Worldwide by 59.6% in the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after purchasing an additional 27,370 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in C.H. Robinson Worldwide by 50.5% in the 3rd quarter. Tidal Investments LLC now owns 22,286 shares of the transportation company’s stock valued at $2,460,000 after purchasing an additional 7,482 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.5 %

CHRW opened at $104.05 on Wednesday. The business has a fifty day moving average price of $106.72 and a 200 day moving average price of $101.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 1.25 and a beta of 0.83.

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

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.38%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of research reports. The Goldman Sachs Group upped their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Evercore ISI increased their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Citigroup upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, December 13th. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. Finally, Barclays boosted their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $113.81.

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.