Transcend Capital Advisors LLC Makes New $387,000 Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Transcend Capital Advisors LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,782 shares of the transportation company's stock, valued at approximately $387,000.

Several other hedge funds have also recently bought and sold shares of CHRW. National Pension Service acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $25,000. NBC Securities Inc. acquired a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $27,000. First Financial Corp IN acquired a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $31,000. Proficio Capital Partners LLC acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $33,000. Finally, Mainstream Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $41,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider directly owned 71,441 shares of the company's stock, valued at $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Trading Up 2.5%

CHRW stock traded up $2.36 during midday trading on Tuesday, hitting $98.31. The stock had a trading volume of 1,253,174 shares, compared to its average volume of 1,305,962. The firm has a market cap of $11.67 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 1.57 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.24 and a 1-year high of $114.82. The business has a fifty day moving average price of $94.06 and a two-hundred day moving average price of $97.93.

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 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The business's quarterly revenue was down 8.3% compared to the same quarter last year. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide's payout ratio is presently 59.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They set a "buy" rating and a $129.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. UBS Group lowered their target price on shares of C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Raymond James Financial lowered their target price on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.55.

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.