Atria Investments Inc Has $1.89 Million Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Atria Investments Inc increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 36.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,288 shares of the transportation company’s stock after buying an additional 3,801 shares during the quarter. Atria Investments Inc’s holdings in C.H. Robinson Worldwide were worth $1,892,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CHRW. CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at approximately $30,000. MUFG Securities EMEA plc acquired a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $34,000. Arlington Trust Co LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $34,000. Quent Capital LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $37,000. Finally, FNY Investment Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $38,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the transaction, the insider owned 52,101 shares in the company, valued at approximately $10,487,931.30. The trade was a 10.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David P. Bozeman purchased 1,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average price of $163.34 per share, with a total value of $199,764.82. Following the acquisition, the chief executive officer directly owned 190,600 shares of the company’s stock, valued at $31,132,604. This represents a 0.65% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CHRW shares. Benchmark lifted their price target on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Truist Financial raised their price objective on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $200.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Citigroup upped their price target on shares of C.H. Robinson Worldwide from $177.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, Stifel Nicolaus raised their price target on shares of C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $181.29.

C.H. Robinson Worldwide Trading Up 0.8%

Shares of CHRW stock opened at $177.38 on Wednesday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $203.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.59 and a current ratio of 1.53. The stock has a 50 day simple moving average of $174.56 and a two-hundred day simple moving average of $149.59. The company has a market cap of $20.96 billion, a P/E ratio of 36.72, a PEG ratio of 1.85 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the company posted $1.21 earnings per share. The business’s quarterly revenue was down 6.5% on a year-over-year basis. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is 52.17%.

C.H. Robinson Worldwide 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.