Inspire Investing LLC Makes New $810,000 Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Inspire Investing LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,842 shares of the transportation company's stock, valued at approximately $810,000.

Several other institutional investors have also modified their holdings of the business. QRG Capital Management Inc. lifted its stake in C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock worth $1,230,000 after acquiring an additional 98 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after buying an additional 111 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in C.H. Robinson Worldwide by 13.6% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company's stock valued at $110,000 after buying an additional 120 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock worth $717,000 after buying an additional 144 shares during the last quarter. Finally, Diversified Trust Co boosted its position in shares of C.H. Robinson Worldwide by 5.0% during the 4th quarter. Diversified Trust Co now owns 3,414 shares of the transportation company's stock worth $353,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Analysts Set New Price Targets

CHRW has been the topic of several research analyst reports. The Goldman Sachs Group raised their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. UBS Group raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their target price for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Stifel Nicolaus boosted their price target on shares of C.H. Robinson Worldwide from $112.00 to $113.00 and gave the company a "hold" rating in a research report on Thursday. Raymond James raised C.H. Robinson Worldwide from a "market perform" rating to an "outperform" rating and set a $123.00 price objective on the stock in a report on Friday, January 10th. Finally, Wells Fargo & Company raised C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $118.00 to $130.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $114.71.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded up $1.16 during trading hours on Friday, reaching $108.16. 1,083,706 shares of the company's stock were exchanged, compared to its average volume of 688,481. 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 1 year low of $65.00 and a 1 year high of $114.82. The company has a market cap of $12.79 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. The company's 50 day moving average is $105.88 and its two-hundred day moving average is $103.27.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the company earned $0.84 earnings per share. C.H. Robinson Worldwide's quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.39 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.29%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide's payout ratio is currently 85.81%.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company's stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.