Cypress Advisory Group LLC Buys New Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cypress Advisory Group LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,030 shares of the transportation company's stock, valued at approximately $313,000.

Several other institutional investors have also recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in shares of 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. increased its stake 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 worth $1,652,000 after acquiring an additional 105 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in 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 purchasing an additional 131 shares during the last quarter. SkyView Investment Advisors LLC raised its position in C.H. Robinson Worldwide by 2.3% in the third 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 during the period. Finally, Sound Financial Strategies Group LLC lifted its position in C.H. Robinson Worldwide by 1.9% in the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock valued at $867,000 after buying an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of research analyst reports. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price for the company in a report on Friday, January 31st. Evercore ISI decreased their target price on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. StockNews.com cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Barclays dropped their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Finally, TD Cowen raised their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $114.38.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of the firm's 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 transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded down $1.56 on Tuesday, hitting $88.39. The company's stock had a trading volume of 345,922 shares, compared to its average volume of 1,370,643. The company has a market capitalization of $10.45 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. The stock's 50-day moving average is $95.23 and its two-hundred day moving average is $101.50. C.H. Robinson Worldwide, Inc. has a 12 month low of $78.16 and a 12 month high of $114.82. 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 (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The business's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. On average, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is 59.33%.

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.