Boothbay Fund Management LLC Takes $395,000 Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Boothbay Fund Management LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,819 shares of the transportation company's stock, valued at approximately $395,000.

Other institutional investors have also made changes to their positions in the company. Kovitz Investment Group Partners LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $269,000. Stonebridge Capital Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 25.3% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 2,796 shares of the transportation company's stock worth $289,000 after purchasing an additional 565 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $1,956,000. MGO One Seven LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at $272,000. Finally, Price T Rowe Associates Inc. MD increased its position in C.H. Robinson Worldwide by 1.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 170,494 shares of the transportation company's stock worth $17,616,000 after buying an additional 1,797 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW traded down $1.14 during trading on Wednesday, reaching $87.18. The company's stock had a trading volume of 396,264 shares, compared to its average volume of 1,368,478. The firm has a fifty day moving average of $95.01 and a 200 day moving average of $101.41. 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 has a market capitalization of $10.31 billion, a PE ratio of 22.63, a P/E/G ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide, Inc. has a one year low of $78.16 and a one year high of $114.82.

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 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the company earned $0.86 earnings per share. The business's revenue for the quarter was down 8.3% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.84%. C.H. Robinson Worldwide's payout ratio is presently 59.33%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research firms recently commented on CHRW. Raymond James decreased their target price on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Bank of America reduced their price objective on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating for the company in a report on Friday, March 28th. Wells Fargo & Company decreased their target price 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. 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 report on Friday, January 31st. Finally, Barclays decreased their price objective on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.38.

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.