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

Boothbay Fund Management LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,819 shares of the transportation company's stock, valued at approximately $395,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CHRW. Vanguard Group Inc. increased its holdings in C.H. Robinson Worldwide by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company's stock worth $1,501,774,000 after purchasing an additional 251,943 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of C.H. Robinson Worldwide by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company's stock worth $428,554,000 after buying an additional 191,611 shares during the last quarter. Geode Capital Management LLC raised its holdings in C.H. Robinson Worldwide by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company's stock valued at $326,549,000 after acquiring an additional 64,019 shares in the last quarter. Van ECK Associates Corp boosted its stake in C.H. Robinson Worldwide by 92,841.1% during the 4th 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. Finally, Wellington Management Group LLP grew its holdings in 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 in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide 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 transaction of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares of the company's stock, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the company's 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 transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is owned by insiders.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded up $0.55 on Friday, hitting $90.83. The company had a trading volume of 1,359,618 shares, compared to its average volume of 1,375,670. The company has a market cap of $10.74 billion, a PE ratio of 23.59, a PEG ratio of 1.16 and a beta of 0.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 52 week low of $78.16 and a 52 week high of $114.82. The business has a 50-day simple moving average of $95.39 and a 200-day simple moving average of $101.64.

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, beating analysts' consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. The business's quarterly revenue was down 8.3% on a year-over-year basis. Research 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.73%. C.H. Robinson Worldwide's dividend payout ratio is 64.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CHRW. Bank of America reduced their price target on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Truist Financial initiated coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They issued a "buy" rating and a $115.00 target price for the company. StockNews.com lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Raymond James decreased their price objective on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Citigroup reduced their price target on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.