Ritholtz Wealth Management Purchases 8,072 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Ritholtz Wealth Management increased its stake in C.H. Robinson by 378.8%, buying an additional 8,072 shares to own 10,203 shares worth about $1.64 million.
• Multiple large institutions (notably State Street and Wellington) also added shares, leaving institutions owning 93.15% of the company’s stock.
• C.H. Robinson beat Q4 EPS estimates ($1.23 vs. $1.12) while revenue fell 6.5% year-over-year; the company pays a $0.63 quarterly dividend (1.5% yield) and insiders made modest purchases recently.

Ritholtz Wealth Management lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 378.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,203 shares of the transportation company's stock after purchasing an additional 8,072 shares during the period. Ritholtz Wealth Management's holdings in C.H. Robinson Worldwide were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. State Street Corp increased its stake in shares of C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company's stock worth $716,423,000 after purchasing an additional 397,177 shares during the period. Wellington Management Group LLP increased its stake in shares of C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company's stock worth $945,773,000 after purchasing an additional 4,751,034 shares during the period. Boston Partners increased its stake in shares of C.H. Robinson Worldwide by 6.1% during the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company's stock worth $494,372,000 after purchasing an additional 213,245 shares during the period. First Trust Advisors LP increased its stake in shares of C.H. Robinson Worldwide by 5.1% during the third quarter. First Trust Advisors LP now owns 1,550,029 shares of the transportation company's stock worth $205,224,000 after purchasing an additional 75,312 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of C.H. Robinson Worldwide by 68.5% during the third quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company's stock worth $139,194,000 after purchasing an additional 427,543 shares during the period. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Up 0.9%

Shares of NASDAQ:CHRW opened at $164.92 on Tuesday. The company has a market capitalization of $19.44 billion, a P/E ratio of 34.14, a P/E/G ratio of 1.72 and a beta of 0.93. C.H. Robinson Worldwide, Inc. has a 1 year low of $86.58 and a 1 year high of $203.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. The business's 50 day simple moving average is $177.75 and its 200 day simple moving average is $162.75.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the business posted $1.21 earnings per share. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, March 6th. This represents a $2.52 annualized dividend and a yield of 1.5%. C.H. Robinson Worldwide's dividend payout ratio is presently 52.17%.

Insider Activity

In other C.H. Robinson Worldwide news, CEO David P. Bozeman bought 1,223 shares of the business's stock in a transaction on Thursday, February 12th. The stock was purchased at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the completion of the purchase, the chief executive officer directly owned 190,600 shares of the company's stock, valued at approximately $31,132,604. This trade represents a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael D. Castagnetto bought 594 shares of the business's stock in a transaction on Thursday, February 12th. The shares were acquired at an average price of $168.24 per share, with a total value of $99,934.56. Following the completion of the purchase, the insider directly owned 35,488 shares of the company's stock, valued at approximately $5,970,501.12. The trade was a 1.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 2,422 shares of company stock valued at $400,801 and sold 19,026 shares valued at $3,770,665. Company insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley increased their target price on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock an "underweight" rating in a research note on Thursday, January 29th. Bank of America reduced their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a "buy" rating on the stock in a research report on Friday, March 27th. Weiss Ratings downgraded C.H. Robinson Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, February 17th. Citigroup increased their price target on C.H. Robinson Worldwide from $177.00 to $202.00 and gave the stock a "neutral" rating in a research report on Friday, January 30th. Finally, Wolfe Research reissued an "outperform" rating and set a $188.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 8th. Fifteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $186.43.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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