Martin Capital Partners LLC Buys 4,779 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Martin Capital Partners LLC significantly increased its stake in C.H. Robinson Worldwide, acquiring 4,779 shares during the second quarter, bringing its total holdings to 7,238 shares valued at $695,000.
• Following recent transactions, institutional investors own a substantial 93.15% of C.H. Robinson's stock, indicating strong market interest in the transportation company.
• Research analysts have generally favorable views on C.H. Robinson, with a consensus rating of "Moderate Buy" and price targets ranging from $111.00 to $136.00.

Martin Capital Partners LLC increased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 194.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,238 shares of the transportation company's stock after buying an additional 4,779 shares during the quarter. Martin Capital Partners LLC's holdings in C.H. Robinson Worldwide were worth $695,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 4.9% during the first quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company's stock valued at $15,248,000 after purchasing an additional 6,889 shares during the last quarter. Amalgamated Bank raised its position in C.H. Robinson Worldwide by 1.9% during the first quarter. Amalgamated Bank now owns 23,098 shares of the transportation company's stock valued at $2,365,000 after buying an additional 432 shares during the period. Assenagon Asset Management S.A. raised its position in C.H. Robinson Worldwide by 4.1% during the first quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company's stock valued at $877,000 after buying an additional 340 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in C.H. Robinson Worldwide during the first quarter valued at $206,000. Finally, M&T Bank Corp raised its position in C.H. Robinson Worldwide by 1.7% during the first quarter. M&T Bank Corp now owns 8,713 shares of the transportation company's stock valued at $892,000 after buying an additional 144 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded down $0.78 during mid-day trading on Friday, hitting $136.31. 931,622 shares of the company's stock traded hands, compared to its average volume of 1,359,891. The firm has a 50 day moving average of $117.58 and a two-hundred day moving average of $102.96. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00. The firm has a market capitalization of $16.10 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 2.12 and a beta of 0.87. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52.

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 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 firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the company earned $1.15 EPS. The firm's revenue for the quarter was down 7.7% compared to the same quarter last year. On average, equities analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a $0.62 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

Insiders Place Their Bets

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 sale, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael John Short sold 6,364 shares of the firm's stock in a transaction that occurred on 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 sale, the insider owned 60,401 shares of the company's stock, valued at $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 quarter, insiders sold 14,577 shares of company stock worth $1,714,544. 1.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CHRW has been the topic of several recent analyst reports. Barclays reissued an "underweight" rating and set a $95.00 price target (up from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Citigroup upped their target price on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Stifel Nicolaus upped their target price on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. TD Cowen upped their target price on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company upped their target price on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. 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 given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $117.24.

About C.H. Robinson Worldwide

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.