Oak Harvest Investment Services Acquires 2,000 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Oak Harvest Investment Services has increased its stake in C.H. Robinson Worldwide by 66.7%, now holding 5,000 shares valued at $512,000.
• Several institutional investors have also increased their positions in C.H. Robinson, leading to a total of 93.15% of the company's stock being owned by institutional investors.
• Analysts have variously upgraded their price targets for C.H. Robinson, with the consensus rating being a "Moderate Buy" and a target price of $117.24.

Oak Harvest Investment Services grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 66.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,000 shares of the transportation company's stock after acquiring an additional 2,000 shares during the quarter. Oak Harvest Investment Services' holdings in C.H. Robinson Worldwide were worth $512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CHRW. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of 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 valued at $407,000 after buying an additional 105 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of C.H. Robinson Worldwide by 0.8% during 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 buying an additional 112 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of 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 valued at $223,000 after buying an additional 114 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of C.H. Robinson Worldwide by 31.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after buying an additional 116 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT lifted its position in shares of C.H. Robinson Worldwide by 1.9% during 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 in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CHRW. Raymond James Financial set a $111.00 price objective on C.H. Robinson Worldwide and gave the company an "outperform" rating in a research report on Tuesday, July 15th. TD Securities boosted their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. UBS Group reissued a "buy" rating and issued a $133.00 price target (up from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Citigroup boosted their price target on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. boosted their price target 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 given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $117.24.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $1.16 during mid-day trading on Wednesday, hitting $128.06. 2,326,506 shares of the stock were exchanged, compared to its average volume of 1,725,569. The company has a market cap of $15.12 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $128.46. The firm has a 50-day moving average of $106.10 and a two-hundred day moving average of $99.41. 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 data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping 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 in the prior year, the firm earned $1.15 EPS. The company's revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is presently 56.49%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the sale, the insider owned 60,401 shares in the company, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Arun Rajan sold 2,500 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider owned 130,591 shares in the company, valued at $15,898,148.34. The trade was a 1.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,577 shares of company stock worth $1,714,544. Company insiders own 1.47% of the company's stock.

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.