OMERS ADMINISTRATION Corp Buys 825 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

OMERS ADMINISTRATION Corp raised its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,876 shares of the transportation company’s stock after purchasing an additional 825 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in C.H. Robinson Worldwide were worth $504,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock valued at $443,000 after buying an additional 102 shares in the last quarter. Cascade Investment Advisors Inc. grew its position in shares of C.H. Robinson Worldwide by 0.7% in 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 period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock valued at $400,000 after acquiring an additional 131 shares during the period. Sound Financial Strategies Group LLC increased its stake in shares of 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 purchasing an additional 156 shares during the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of C.H. Robinson Worldwide by 3.3% in the 4th quarter. Independent Advisor Alliance now owns 5,596 shares of the transportation company’s stock valued at $578,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This represents a 12.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,716 shares of company stock worth $1,858,008 in the last three months. Company insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

CHRW has been the topic of a number of recent analyst reports. TD Securities boosted their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Raymond James decreased their target price on C.H. Robinson Worldwide from $118.00 to $111.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Bank of America increased their price target on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company reduced their price objective on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide in a research report on Friday, March 7th. They issued a “buy” rating and a $129.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $114.29.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $100.28 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $94.15 and its two-hundred day simple moving average is $100.62. C.H. Robinson Worldwide, Inc. has a 12 month low of $81.39 and a 12 month high of $114.82. The stock has a market capitalization of $11.91 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the business earned $0.86 EPS. The firm’s revenue was down 8.3% compared to the same quarter last year. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.47%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 59.33%.

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.