Machina Capital S.A.S. Purchases Shares of 4,110 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Key Points

• Machina Capital S.A.S. acquired 4,110 shares of C.H. Robinson Worldwide, Inc. for about $421,000 in the first quarter, indicating a growing interest in the transportation firm.
• Insider Angela K. Freeman sold 5,700 shares at an average price of $97.42, signaling a 7.39% decrease in her ownership stake.
• C.H. Robinson reported quarterly earnings of $1.17 per share, beating estimates by $0.15, though revenue declined 8.3% year-over-year.

Machina Capital S.A.S. purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,110 shares of the transportation company's stock, valued at approximately $421,000.

Other large investors have also modified their holdings of the company. Nissay Asset Management Corp Japan ADV increased its position in shares of C.H. Robinson Worldwide by 0.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock valued at $1,483,000 after acquiring an additional 112 shares during the period. Deseret Mutual Benefit Administrators lifted its holdings in shares of C.H. Robinson Worldwide by 5.5% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock valued at $223,000 after buying an additional 114 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in C.H. Robinson Worldwide by 31.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after purchasing an additional 116 shares in the last quarter. First Citizens Bank & Trust Co. grew its position in C.H. Robinson Worldwide by 0.9% during the first quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company's stock valued at $1,579,000 after buying an additional 131 shares during the period. Finally, Pflug Koory LLC increased its stake in shares of C.H. Robinson Worldwide by 3.3% in the 1st quarter. Pflug Koory LLC now owns 4,379 shares of the transportation company's stock valued at $448,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the sale, the insider owned 71,441 shares of the company's stock, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $102.71 on Friday. The company has a market cap of $12.19 billion, a PE ratio of 24.57, a P/E/G ratio of 1.70 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $114.82. The stock has a 50 day simple moving average of $96.76 and a 200-day simple moving average of $97.26.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The business's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. On average, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of research reports. Baird R W raised shares of C.H. Robinson Worldwide to a "hold" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. boosted their target price on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Raymond James Financial set a $111.00 price target on C.H. Robinson Worldwide and gave the stock an "outperform" rating in a report on Tuesday, July 15th. 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 report on Wednesday, July 9th. Finally, Robert W. Baird initiated coverage on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 1st. They set a "neutral" rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.29.

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.

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