First Trust Advisors LP Has $124.63 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

First Trust Advisors LP boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 163.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,206,207 shares of the transportation company's stock after acquiring an additional 748,661 shares during the period. First Trust Advisors LP owned about 1.02% of C.H. Robinson Worldwide worth $124,625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHRW. Parallel Advisors LLC grew its holdings in C.H. Robinson Worldwide by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock valued at $443,000 after purchasing an additional 102 shares during the period. Cascade Investment Advisors Inc. boosted its holdings 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 valued at $1,652,000 after purchasing an additional 105 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of 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 worth $400,000 after buying an additional 131 shares during the period. SkyView Investment Advisors LLC boosted its holdings 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 acquiring an additional 144 shares during the last quarter. Finally, Sound Financial Strategies Group LLC grew its position in C.H. Robinson Worldwide by 1.9% during the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock valued at $867,000 after acquiring an additional 156 shares during the period. 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 Angela K. Freeman sold 8,000 shares of the company'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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the company's 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 directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded down $2.28 during mid-day trading on Friday, hitting $89.75. The company had a trading volume of 1,108,200 shares, compared to its average volume of 1,400,966. C.H. Robinson Worldwide, Inc. has a 12 month low of $69.69 and a 12 month high of $114.82. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 23.31, 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. The firm's 50 day simple moving average is $96.43 and its two-hundred day simple moving average is $102.44.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.76%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 64.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CHRW. Deutsche Bank Aktiengesellschaft assumed coverage on C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a "buy" rating and a $129.00 price objective on the stock. Susquehanna reduced their price target on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price on the stock in a report on Friday, January 31st. Finally, Barclays upped their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $117.20.

About C.H. Robinson Worldwide

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.