Contravisory Investment Management Inc. Boosts Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Contravisory Investment Management Inc. increased its stake in C.H. Robinson Worldwide by 48.5%, owning 7,799 shares valued at approximately $748,000 as of the latest SEC filing.
• Insider Angela K. Freeman sold 5,713 shares at an average price of $116.24, decreasing her ownership by 8%.
• C.H. Robinson Worldwide announced a quarterly dividend of $0.62 per share, with an annualized yield of 1.8%, and a payout ratio of 56.49%.

Contravisory Investment Management Inc. grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 48.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,799 shares of the transportation company's stock after acquiring an additional 2,547 shares during the quarter. Contravisory Investment Management Inc.'s holdings in C.H. Robinson Worldwide were worth $748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CHRW. Boston Partners bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at $234,304,000. Allianz Asset Management GmbH increased its holdings in shares of C.H. Robinson Worldwide by 144.4% during the first quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company's stock valued at $80,292,000 after acquiring an additional 463,216 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of C.H. Robinson Worldwide by 7,706.1% during the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock valued at $46,578,000 after acquiring an additional 449,034 shares in the last quarter. Nuveen LLC bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at $40,825,000. Finally, Northern Trust Corp increased its holdings in shares of C.H. Robinson Worldwide by 30.3% during the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock valued at $174,393,000 after acquiring an additional 396,264 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded down $1.02 on Friday, hitting $136.07. The stock had a trading volume of 4,618,991 shares, compared to its average volume of 1,533,174. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The business's 50-day simple moving average is $118.31 and its two-hundred day simple moving average is $103.22. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.15 earnings per share. As a group, research analysts predict 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, October 2nd. Investors of record on Friday, September 5th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide's payout ratio is currently 56.49%.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 5,713 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the transaction, the insider directly owned 65,728 shares of the company's stock, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Arun Rajan sold 2,500 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,577 shares of company stock valued at $1,714,544. Corporate insiders own 1.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group restated a "buy" rating and set a $133.00 price target (up from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Wolfe Research upgraded C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a report on Tuesday, July 1st. Wells Fargo & Company lifted their price objective on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Raymond James Financial set a $111.00 price objective on C.H. Robinson Worldwide and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. lifted their price objective on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.24.

C.H. Robinson Worldwide 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.