Novare Capital Management LLC Invests $226,000 in C.H. Robinson Worldwide Inc (CHRW)

Novare Capital Management LLC bought a new stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,542 shares of the transportation company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Eagle Investment Management LLC increased its stake in C.H. Robinson Worldwide by 51.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,370,010 shares of the transportation company’s stock worth $484,758,000 after buying an additional 2,161,520 shares during the period. Janus Henderson Group PLC increased its stake in C.H. Robinson Worldwide by 3,618.9% in the 2nd quarter. Janus Henderson Group PLC now owns 566,205 shares of the transportation company’s stock worth $38,887,000 after buying an additional 550,980 shares during the period. Capital International Investors increased its stake in C.H. Robinson Worldwide by 5.6% in the 3rd quarter. Capital International Investors now owns 9,166,834 shares of the transportation company’s stock worth $697,596,000 after buying an additional 488,372 shares during the period. Parnassus Investments CA purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $32,723,000. Finally, Manning & Napier Advisors LLC increased its stake in C.H. Robinson Worldwide by 1,257.2% in the 3rd quarter. Manning & Napier Advisors LLC now owns 424,604 shares of the transportation company’s stock worth $32,311,000 after buying an additional 393,318 shares during the period. 94.10% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Inc (NASDAQ CHRW) opened at $90.47 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.24 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide Inc has a 1-year low of $63.41 and a 1-year high of $100.18. The stock has a market cap of $12,932.48, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.42 and a beta of 0.46.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.03%. C.H. Robinson Worldwide’s payout ratio is 51.54%.

In other C.H. Robinson Worldwide news, VP Ben G. Campbell sold 4,865 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $85.00, for a total transaction of $413,525.00. Following the transaction, the vice president now directly owns 29,837 shares in the company, valued at approximately $2,536,145. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Angela K. Freeman sold 1,300 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total transaction of $104,832.00. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

Several research analysts recently commented on CHRW shares. Cowen raised shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $68.00 to $87.00 in a research note on Monday, October 16th. Goldman Sachs Group started coverage on shares of C.H. Robinson Worldwide in a research note on Monday, November 13th. They issued a “neutral” rating and a $78.00 price target on the stock. Credit Suisse Group raised their price target on shares of C.H. Robinson Worldwide from $68.00 to $69.00 and gave the stock an “underperform” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Tuesday, December 26th. Finally, Citigroup raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.53.

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C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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