Oak Harvest Investment Services Acquires Shares of 3,000 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Oak Harvest Investment Services acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,000 shares of the transportation company’s stock, valued at approximately $310,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock worth $282,303,000 after acquiring an additional 2,449,367 shares in the last quarter. Citigroup Inc. boosted its stake in shares of C.H. Robinson Worldwide by 137.8% during the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock worth $47,573,000 after acquiring an additional 249,774 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of C.H. Robinson Worldwide by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock worth $155,149,000 after acquiring an additional 153,654 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of C.H. Robinson Worldwide by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock worth $436,648,000 after acquiring an additional 142,116 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $11,865,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $99.49 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a 50-day moving average of $105.52 and a two-hundred day moving average of $103.81. The stock has a market cap of $11.76 billion, a P/E ratio of 25.84, a PEG ratio of 0.89 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.64% and a net margin of 2.63%. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.49%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

CHRW has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research note on Friday, December 13th. Bank of America cut their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Raymond James cut their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.33.

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.