Smartleaf Asset Management LLC Purchases 1,508 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Smartleaf Asset Management LLC lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 420.1% during the 4th quarter, Holdings Channel reports. The fund owned 1,867 shares of the transportation company’s stock after acquiring an additional 1,508 shares during the quarter. Smartleaf Asset Management LLC’s holdings in C.H. Robinson Worldwide were worth $193,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CHRW. QRG Capital Management Inc. grew its holdings in C.H. Robinson Worldwide by 4.7% during the 4th quarter. QRG Capital Management Inc. now owns 11,675 shares of the transportation company’s stock worth $1,206,000 after acquiring an additional 527 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $33,000. National Pension Service bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $25,000. Los Angeles Capital Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 95.9% in the fourth quarter. Los Angeles Capital Management LLC now owns 205,425 shares of the transportation company’s stock valued at $21,225,000 after purchasing an additional 100,572 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in C.H. Robinson Worldwide by 4.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,129,703 shares of the transportation company’s stock worth $116,721,000 after purchasing an additional 47,146 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CHRW. Stephens reissued an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Susquehanna lowered their price objective on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Friday, January 31st. StockNews.com raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Finally, Benchmark reissued a “buy” rating and set a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $117.17.

C.H. Robinson Worldwide Trading Down 0.4 %

NASDAQ CHRW opened at $97.91 on Thursday. 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 moving average is $101.95 and its 200-day moving average is $104.73. 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 $11.62 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Sell-side analysts anticipate 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is presently 64.42%.

Insiders Place Their Bets

In related news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,048 shares of company stock worth $1,513,656. Corporate insiders own 1.47% of the company’s stock.

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.