Vident Advisory LLC Invests $1.52 Million in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vident Advisory LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 14,744 shares of the transportation company's stock, valued at approximately $1,523,000.

Several other large investors have also recently added to or reduced their stakes in CHRW. Perpetual Ltd increased its holdings in C.H. Robinson Worldwide by 125.8% in the 4th quarter. Perpetual Ltd now owns 4,471 shares of the transportation company's stock valued at $462,000 after purchasing an additional 2,491 shares in the last quarter. Atomi Financial Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 7.5% during the fourth quarter. Atomi Financial Group Inc. now owns 3,095 shares of the transportation company's stock valued at $320,000 after acquiring an additional 216 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 126.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 29,256 shares of the transportation company's stock valued at $3,039,000 after acquiring an additional 16,338 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of C.H. Robinson Worldwide by 61.6% during the fourth quarter. SG Americas Securities LLC now owns 30,574 shares of the transportation company's stock valued at $3,159,000 after acquiring an additional 11,658 shares in the last quarter. Finally, Mutual Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 11,544 shares of the transportation company's stock valued at $1,185,000 after acquiring an additional 225 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the sale, the insider now owns 71,441 shares in the company, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded down $1.30 on Wednesday, reaching $96.01. 149,786 shares of the stock were exchanged, compared to its average volume of 1,361,472. The stock has a market cap of $11.40 billion, a PE ratio of 24.94, a PEG ratio of 1.16 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a twelve month low of $82.16 and a twelve month high of $114.82. The firm has a fifty day moving average price of $93.99 and a two-hundred day moving average price of $100.27.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping 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 firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the business earned $0.86 EPS. The business's revenue was down 8.3% on a year-over-year basis. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide's payout ratio is presently 59.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CHRW shares. Citigroup decreased their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Benchmark restated a "buy" rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Jefferies Financial Group decreased their target price on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Wall Street Zen downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $114.29.

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.