Twelve Points Wealth Management LLC Purchases 490 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Twelve Points Wealth Management LLC boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,693 shares of the transportation company’s stock after acquiring an additional 490 shares during the period. Twelve Points Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,415,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CHRW. Cascade Investment Advisors Inc. boosted its position in shares of C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock valued at $1,652,000 after acquiring an additional 105 shares during the last quarter. KBC Group NV raised its stake in C.H. Robinson Worldwide by 370.3% during the fourth quarter. KBC Group NV now owns 73,232 shares of the transportation company’s stock valued at $7,566,000 after purchasing an additional 57,660 shares in the last quarter. Novare Capital Management LLC lifted its position in C.H. Robinson Worldwide by 1.4% during the fourth quarter. Novare Capital Management LLC now owns 94,811 shares of the transportation company’s stock valued at $9,796,000 after purchasing an additional 1,279 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of C.H. Robinson Worldwide by 801.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,187 shares of the transportation company’s stock worth $1,053,000 after buying an additional 9,057 shares in the last quarter. Finally, Neumann Capital Management LLC raised its position in shares of C.H. Robinson Worldwide by 2.7% during the 4th quarter. Neumann Capital Management LLC now owns 18,890 shares of the transportation company’s stock valued at $1,952,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $109.82 on Wednesday. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The business has a 50-day moving average price of $105.87 and a 200 day moving average price of $103.72. The company has a market capitalization of $12.98 billion, a P/E ratio of 38.00, a PEG ratio of 0.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.16. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 EPS. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.39 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were given a dividend of $0.62 per share. The ex-dividend date was Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.26%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

Insider Activity

In related news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, the insider now owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the topic of several analyst reports. Stifel Nicolaus boosted their price objective on C.H. Robinson Worldwide from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Citigroup raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 13th. Barclays raised their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Evercore ISI boosted their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group lifted their price target on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average target price of $114.71.

About C.H. Robinson Worldwide

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.