45,946 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 45,946 shares of the transportation company’s stock, valued at approximately $4,747,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Parallel Advisors LLC lifted its position in C.H. Robinson Worldwide by 2.4% during the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock worth $443,000 after acquiring an additional 102 shares in the last quarter. Cascade Investment Advisors Inc. boosted its stake in shares of C.H. Robinson Worldwide by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock valued at $1,652,000 after purchasing an additional 105 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 131 shares during the period. SkyView Investment Advisors LLC grew its holdings in C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after purchasing an additional 144 shares in the last quarter. Finally, Sound Financial Strategies Group LLC increased its stake in C.H. Robinson Worldwide by 1.9% during the 4th quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company’s stock worth $867,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Susquehanna reduced their target price on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Robert W. Baird increased their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, TD Cowen boosted their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $117.65.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Up 0.7 %

NASDAQ CHRW opened at $99.95 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The stock’s 50 day simple moving average is $100.79 and its 200 day simple moving average is $104.42. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. The firm has a market cap of $11.86 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. As a group, sell-side analysts forecast 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

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.