Atomi Financial Group Inc. Has $318,000 Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Atomi Financial Group Inc. grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 15.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,879 shares of the transportation company’s stock after purchasing an additional 376 shares during the quarter. Atomi Financial Group Inc.’s holdings in C.H. Robinson Worldwide were worth $318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division raised its holdings in C.H. Robinson Worldwide by 13.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock valued at $110,000 after buying an additional 120 shares during the last quarter. Empirical Finance LLC raised its stake in shares of C.H. Robinson Worldwide by 3.4% during the first quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock valued at $325,000 after acquiring an additional 140 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares during the period. Redwood Investment Management LLC grew its stake in shares of C.H. Robinson Worldwide by 0.6% in the first quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock worth $2,143,000 after purchasing an additional 165 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 185 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday. Evercore ISI raised their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $87.00 to $110.00 in a research note on Thursday, August 1st. Finally, TD Cowen lifted their target price on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $100.29.

C.H. Robinson Worldwide Trading Up 2.0 %

Shares of C.H. Robinson Worldwide stock opened at $110.17 on Friday. The stock has a market capitalization of $12.92 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $110.51. The stock has a 50 day moving average price of $103.05 and a two-hundred day moving average price of $89.55. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. C.H. Robinson Worldwide’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.90 EPS. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a dividend of $0.62 per share. The ex-dividend date was Friday, September 6th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.25%. C.H. Robinson Worldwide’s payout ratio is presently 89.53%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.47% of the stock is currently owned by insiders.

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.