C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Strs Ohio

Key Points

• Strs Ohio boosted its stake in C.H. Robinson by 252.9%, adding 7,105 shares to hold 9,914 shares worth about $1.59 million at quarter-end.
• Coverage is broadly positive with a consensus rating of "Moderate Buy" and an average target of $192.27; several firms (JPMorgan, Evercore, Stifel) recently raised price targets or reiterated outperform/buy views.
• The company beat EPS estimates ($1.35 vs. $1.24) but slightly missed revenue expectations ($4.01B vs. $4.05B); CHRW trades around $168.59 with a market cap near $19.9 billion and a P/E of 34.13.

Strs Ohio increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 252.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,914 shares of the transportation company's stock after acquiring an additional 7,105 shares during the period. Strs Ohio's holdings in C.H. Robinson Worldwide were worth $1,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $27,000. CYBER HORNET ETFs LLC purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at about $30,000. Clearstead Advisors LLC raised its holdings in C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company's stock valued at $32,000 after buying an additional 128 shares during the period. Arlington Trust Co LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at about $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in C.H. Robinson Worldwide during the third quarter worth about $34,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Bank of America decreased their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a "buy" rating on the stock in a research note on Friday, March 27th. Wolfe Research reaffirmed an "outperform" rating and issued a $188.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 8th. Evercore boosted their price objective on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an "outperform" rating in a report on Thursday, January 29th. Finally, Stifel Nicolaus raised their target price on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a "buy" rating in a report on Friday, May 1st. Fifteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and an average target price of $192.27.

C.H. Robinson Worldwide Trading Up 0.9%

CHRW opened at $168.59 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.53 and a current ratio of 1.59. C.H. Robinson Worldwide, Inc. has a one year low of $86.58 and a one year high of $203.34. The company has a market cap of $19.87 billion, a P/E ratio of 34.13, a PEG ratio of 1.67 and a beta of 0.94. The business's 50-day simple moving average is $175.19 and its 200-day simple moving average is $167.93.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to analysts' expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.07 EPS for the current fiscal year.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,368 shares of the company's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total value 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. This represents a 10.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Angela K. Freeman sold 8,579 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the completion of the transaction, the insider directly owned 55,611 shares in the company, valued at $11,151,117.72. This trade represents a 13.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have bought 2,422 shares of company stock worth $400,801. 0.37% of the stock is owned by insiders.

C.H. Robinson Worldwide Company 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.

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