C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Auxano Advisors LLC

Auxano Advisors LLC raised its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,567 shares of the transportation company’s stock after acquiring an additional 397 shares during the quarter. Auxano Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $782,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CHRW. Private Advisor Group LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $241,000. Wealth Enhancement Advisory Services LLC raised its position in shares of C.H. Robinson Worldwide by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,326 shares of the transportation company’s stock worth $2,574,000 after acquiring an additional 465 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of C.H. Robinson Worldwide by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 13,573 shares of the transportation company’s stock worth $1,498,000 after acquiring an additional 920 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of C.H. Robinson Worldwide by 21.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,918 shares of the transportation company’s stock worth $1,432,000 after acquiring an additional 2,276 shares in the last quarter. Finally, First Trust Direct Indexing L.P. acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $263,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $101.62 on Monday. The business’s 50 day moving average price is $102.14 and its 200 day moving average price is $104.72. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.16 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one 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 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%. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.44%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CHRW. Bank of America reduced their price target on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Benchmark reaffirmed 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. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Friday, January 31st. Raymond James reduced their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Susquehanna dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.17.

Insider Activity

In other news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

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.