Summit Trail Advisors LLC Acquires New Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Summit Trail Advisors LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,980 shares of the transportation company’s stock, valued at approximately $206,000.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after acquiring an additional 111 shares during the last quarter. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $41,000. Quarry LP lifted its position in shares of C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares during the period. Brooklyn Investment Group boosted its stake in shares of C.H. Robinson Worldwide by 213.5% in the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 316 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $54,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th. Barclays upped their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Benchmark reissued a “buy” rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Finally, Bank of America reduced their price objective on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus target price of $117.17.

C.H. Robinson Worldwide Stock Down 2.2 %

C.H. Robinson Worldwide stock opened at $97.55 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $11.53 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.12 and a beta of 0.82. The firm has a 50 day moving average price of $104.18 and a 200-day moving average price of $104.40. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.54%. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Insiders Place Their Bets

In other news, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.47% 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.