FORA Capital LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• FORA Capital LLC acquired 7,926 shares of C.H. Robinson Worldwide, valued at approximately $812,000, marking a significant new stake in the company.
• C.H. Robinson Worldwide recently reported $1.29 earnings per share, exceeding estimates, alongside quarterly revenues of $4.14 billion, which fell short of projections.
• The company announced a quarterly dividend of $0.62 per share, representing a yield of 1.9%, with the next payout scheduled for October 2nd.

FORA Capital LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,926 shares of the transportation company's stock, valued at approximately $812,000.

Several other institutional investors have also added to or reduced their stakes in CHRW. Stifel Financial Corp boosted its holdings in C.H. Robinson Worldwide by 1.0% in the fourth quarter. Stifel Financial Corp now owns 42,058 shares of the transportation company's stock valued at $4,346,000 after acquiring an additional 405 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of C.H. Robinson Worldwide by 1.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 170,494 shares of the transportation company's stock worth $17,616,000 after buying an additional 1,797 shares in the last quarter. MGO One Seven LLC bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $272,000. Adage Capital Partners GP L.L.C. bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $1,956,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $269,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of recent research reports. Bank of America increased their target price on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. UBS Group reiterated a "buy" rating and issued a $133.00 target price (up from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Barclays reiterated an "underweight" rating and issued a $95.00 target price (up from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Susquehanna reiterated a "positive" rating and issued a $120.00 target price (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. increased their target price 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 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $117.24.

C.H. Robinson Worldwide Stock Down 0.5%

NASDAQ:CHRW traded down $0.59 during trading hours on Monday, hitting $128.70. 2,265,048 shares of the company traded hands, compared to its average volume of 1,487,527. 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 firm's 50-day simple moving average is $108.23 and its 200-day simple moving average is $100.04. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $131.17. The company has a market cap of $15.20 billion, a PE ratio of 29.32, a PEG ratio of 2.02 and a beta of 0.87.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same period last year, the business earned $1.15 EPS. The business's revenue was down 7.7% on a year-over-year basis. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the transaction, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael John Short sold 6,364 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the transaction, the insider owned 60,401 shares of the company's stock, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,577 shares of company stock worth $1,714,544. 1.47% of the stock is owned by company insiders.

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.