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

Cypress Advisory Group LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,030 shares of the transportation company's stock, valued at approximately $313,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHRW. Van ECK Associates Corp increased its position in C.H. Robinson Worldwide by 92,841.1% during the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after acquiring an additional 3,004,338 shares during the last quarter. Norges Bank bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $134,833,000. Raymond James Financial Inc. bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $102,174,000. First Trust Advisors LP raised its holdings in shares of C.H. Robinson Worldwide by 163.6% in the fourth quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock worth $124,625,000 after buying an additional 748,661 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of C.H. Robinson Worldwide by 25.7% during the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock worth $299,582,000 after acquiring an additional 593,211 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 of the company's stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Stock Up 0.6 %

NASDAQ:CHRW traded up $0.55 during mid-day trading on Friday, hitting $90.83. 1,359,618 shares of the company's stock traded hands, compared to its average volume of 1,375,670. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The company has a market capitalization of $10.74 billion, a P/E ratio of 23.59, a P/E/G ratio of 1.16 and a beta of 0.86. The company has a fifty day moving average of $95.39 and a 200 day moving average of $101.70. C.H. Robinson Worldwide, Inc. has a twelve month low of $78.16 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.02 by $0.15. The firm 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%. During the same period last year, the firm posted $0.86 EPS. C.H. Robinson Worldwide's revenue was down 8.3% on a year-over-year basis. On average, 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's payout ratio is 64.42%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Raymond James reduced their target price on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Evercore ISI decreased their price objective on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday. Jefferies Financial Group dropped their target price on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Truist Financial assumed coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They set a "buy" rating and a $115.00 price target for the company. Finally, Benchmark reissued a "buy" rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and an average price target of $114.38.

C.H. Robinson Worldwide Company 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.