Inspire Investing LLC Sells 20,514 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Inspire Investing LLC significantly reduced its stake in C.H. Robinson Worldwide by 69.3%, selling 20,514 shares and ending the quarter with 9,104 shares valued at approximately $874,000.
• Several institutional investors adjusted their holdings, with 93.15% of C.H. Robinson’s stock now owned by institutional investors.
• Analysts have raised their price targets for C.H. Robinson Worldwide, with Bank of America setting a new target of $136.00 and JPMorgan raising theirs to $155.00, indicating a bullish sentiment towards the stock.

Inspire Investing LLC trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 69.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,104 shares of the transportation company's stock after selling 20,514 shares during the period. Inspire Investing LLC's holdings in C.H. Robinson Worldwide were worth $874,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CHRW. Tokio Marine Asset Management Co. Ltd. grew its holdings in C.H. Robinson Worldwide by 2.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company's stock worth $407,000 after acquiring an additional 105 shares during the last quarter. Perpetual Ltd raised its position in C.H. Robinson Worldwide by 2.3% in the 2nd quarter. Perpetual Ltd now owns 5,033 shares of the transportation company's stock worth $483,000 after purchasing an additional 112 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in C.H. Robinson Worldwide by 5.5% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after buying an additional 114 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its position in C.H. Robinson Worldwide by 1.9% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company's stock valued at $663,000 after buying an additional 121 shares during the last quarter. Finally, Benedict Financial Advisors Inc. increased its stake in shares of C.H. Robinson Worldwide by 0.9% in the 1st quarter. Benedict Financial Advisors Inc. now owns 13,243 shares of the transportation company's stock valued at $1,356,000 after buying an additional 124 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Insider Activity

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the firm'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 completion of the transaction, the insider directly owned 65,728 shares in the company, valued at $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Arun Rajan sold 2,500 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares of the company's stock, valued at $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. Insiders sold 14,577 shares of company stock worth $1,714,544 in the last quarter. Corporate insiders own 0.91% of the company's stock.

Analyst Ratings Changes

CHRW has been the topic of several recent research reports. Bank of America raised their price target on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a "buy" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. raised their target price on shares of C.H. Robinson Worldwide from $126.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, October 8th. Baird R W raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Wolfe Research raised C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Tuesday, July 1st. Finally, Evercore ISI boosted their target price on C.H. Robinson Worldwide from $116.00 to $155.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average price target of $132.14.

C.H. Robinson Worldwide Stock Down 2.8%

NASDAQ:CHRW opened at $125.31 on Monday. The company has a market cap of $14.80 billion, a PE ratio of 28.54, a PEG ratio of 1.73 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $138.00. The stock has a 50-day simple moving average of $127.74 and a 200 day simple moving average of $106.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued 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 company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business's quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the business earned $1.15 EPS. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $0.62 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 2.0%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 56.49%.

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.

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