Inspire Investing LLC Acquires 21,776 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Inspire Investing LLC increased its holdings in C.H. Robinson Worldwide, acquiring an additional 21,776 shares, expanding its stake by 277.7% to a total of 29,618 shares valued at approximately $3,033,000.
• Several institutional investors also significantly increased their stakes in C.H. Robinson Worldwide, with GAMMA Investing LLC showing the most considerable increase at 7,706.1%, now owning 454,861 shares.
• C.H. Robinson Worldwide recently declared a quarterly dividend of $0.62 per share, translating to an annualized yield of 1.9%, set to be paid on October 2nd.

Inspire Investing LLC increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 277.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,618 shares of the transportation company's stock after purchasing an additional 21,776 shares during the period. Inspire Investing LLC's holdings in C.H. Robinson Worldwide were worth $3,033,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CHRW. Boston Partners bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $234,304,000. Allianz Asset Management GmbH lifted its holdings in shares of C.H. Robinson Worldwide by 144.4% during the 1st quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company's stock valued at $80,292,000 after purchasing an additional 463,216 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of C.H. Robinson Worldwide by 7,706.1% during the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock valued at $46,578,000 after purchasing an additional 449,034 shares in the last quarter. Nuveen LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $40,825,000. Finally, Northern Trust Corp lifted its stake in C.H. Robinson Worldwide by 30.3% in the 1st 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. Institutional investors own 93.15% of the company's stock.

Insider Buying and Selling

In related 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 value of $664,079.12. Following the sale, 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 is accessible through the SEC website. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the sale, the insider owned 60,401 shares in the company, valued at approximately $7,081,413.24. This trade represents a 9.53% decrease in their position. 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. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Up 2.6%

NASDAQ:CHRW opened at $131.02 on Friday. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $131.18. The stock's 50 day moving average price is $114.01 and its two-hundred day moving average price is $101.77. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.12. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 EPS. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders 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 payout ratio is 56.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Bank of America boosted their target price on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. UBS Group restated a "buy" rating and issued a $133.00 target price (up previously from $129.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. Baird R W upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Raymond James Financial set a $111.00 target price on C.H. Robinson Worldwide and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, Citigroup boosted their target price on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One 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. According to MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and an average price target 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.

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.