Victory Capital Management Inc. Buys 65,635 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Victory Capital Management raised its stake in C.H. Robinson by 16.7%, buying 65,635 shares in Q3 to hold 459,530 shares worth about $60.84 million (≈0.39% of the company).
• CEO David P. Bozeman purchased 1,223 shares at $163.34, increasing his holdings to 190,600 shares, while insider activity over the last 90 days shows 2,422 shares bought and 21,416 shares sold, with insiders owning 1.47% of the stock.
• C.H. Robinson declared a quarterly dividend of $0.63 ($2.52 annual, ~1.4% yield) and reported Q results of $1.23 EPS (beat) while revenue fell 6.5% year‑over‑year.

Victory Capital Management Inc. raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 459,530 shares of the transportation company's stock after buying an additional 65,635 shares during the quarter. Victory Capital Management Inc. owned 0.39% of C.H. Robinson Worldwide worth $60,842,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CHRW. Clearstead Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company's stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. Arlington Trust Co LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $34,000. Quent Capital LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $37,000. CYBER HORNET ETFs LLC bought a new position in C.H. Robinson Worldwide in the 2nd quarter worth about $30,000. Finally, MUFG Securities EMEA plc bought a new position in C.H. Robinson Worldwide in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Activity

In related news, CEO David P. Bozeman acquired 1,223 shares of the firm's stock in a transaction that occurred 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 purchase, the chief executive officer directly owned 190,600 shares of the company's stock, valued at $31,132,604. This trade represents a 0.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 2,849 shares of the business's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total value of $553,275.80. Following the transaction, the insider owned 28,149 shares in the company, valued at approximately $5,466,535.80. This trade represents a 9.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have purchased 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. Corporate insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Trading Down 2.8%

C.H. Robinson Worldwide stock opened at $179.64 on Friday. The firm's 50 day moving average price is $180.33 and its 200-day moving average price is $155.08. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $203.34. The stock has a market cap of $21.31 billion, a P/E ratio of 37.19, a PEG ratio of 1.94 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. C.H. Robinson Worldwide's quarterly revenue was down 6.5% compared to the same quarter last year. On average, equities analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide's payout ratio is currently 52.17%.

Analyst Ratings Changes

CHRW has been the topic of a number of recent analyst reports. Wolfe Research reaffirmed an "outperform" rating and issued a $188.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 8th. UBS Group set a $160.00 price objective on C.H. Robinson Worldwide in a report on Thursday, January 29th. Raymond James Financial reissued an "outperform" rating and set a $215.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Wells Fargo & Company increased their price target on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, January 29th. Finally, Loop Capital set a $206.00 target price on C.H. Robinson Worldwide in a report on Monday, February 2nd. Fifteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and an average price target of $181.29.

C.H. Robinson Worldwide Company 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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