Townsend Asset Management Corp NC ADV Takes $780,000 Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Townsend Asset Management Corp NC ADV has purchased a new stake in C.H. Robinson Worldwide, acquiring **8,127 shares** valued at approximately **$780,000** during the second quarter.
• Insider trades show significant activity as insiders sold a total of **14,577 shares** in the last 90 days, indicating potential shifts in management confidence.
• Analysts have given C.H. Robinson Worldwide a rating of **"Moderate Buy,"** with an average price target of **$119.38**, reflecting mixed expectations for the stock's future performance.

Townsend Asset Management Corp NC ADV bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,127 shares of the transportation company's stock, valued at approximately $780,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.4% during the first quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company's stock worth $1,493,645,000 after acquiring an additional 51,207 shares in the last quarter. Boston Partners purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth $234,304,000. Invesco Ltd. increased its stake in shares of C.H. Robinson Worldwide by 8.4% in the first quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company's stock worth $234,058,000 after buying an additional 176,374 shares during the period. Northern Trust Corp increased its stake in shares of C.H. Robinson Worldwide by 30.3% in the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock worth $174,393,000 after buying an additional 396,264 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of C.H. Robinson Worldwide by 1.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,415,669 shares of the transportation company's stock worth $144,965,000 after buying an additional 16,068 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Michael John Short sold 6,364 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction 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 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 stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the transaction, the insider owned 130,591 shares in the company, valued at $15,898,148.34. This trade represents a 1.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,577 shares of company stock valued at $1,714,544. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $131.81 on Friday. The stock has a market cap of $15.57 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 2.10 and a beta of 0.87. The firm's 50-day moving average is $121.88 and its 200 day moving average is $104.39. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $138.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the previous year, the business posted $1.15 EPS. C.H. Robinson Worldwide's revenue was down 7.7% compared to the same quarter last year. Sell-side 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 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 of this dividend is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. C.H. Robinson Worldwide's payout ratio is 56.49%.

Analyst Ratings Changes

Several research analysts recently commented on CHRW shares. Bank of America lifted their target price on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. lifted their target price on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Wolfe Research raised shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Tuesday, July 1st. 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. Finally, Barclays reissued an "underweight" rating and set a $95.00 price objective (up from $90.00) on shares of C.H. Robinson Worldwide 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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $119.38.

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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