4,284 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,284 shares of the transportation company's stock, valued at approximately $440,000.

A number of other hedge funds have also bought and sold shares of the business. Parallel Advisors LLC increased its position in C.H. Robinson Worldwide by 2.4% during the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock worth $443,000 after acquiring an additional 102 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock valued at $1,483,000 after buying an additional 112 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in C.H. Robinson Worldwide by 31.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after buying an additional 116 shares during the period. First Citizens Bank & Trust Co. increased its holdings in C.H. Robinson Worldwide by 0.9% in the 1st quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company's stock valued at $1,579,000 after buying an additional 131 shares during the period. Finally, Pflug Koory LLC increased its holdings in C.H. Robinson Worldwide by 3.3% in the 1st quarter. Pflug Koory LLC now owns 4,379 shares of the transportation company's stock valued at $448,000 after buying an additional 140 shares during the period. 93.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on CHRW. UBS Group decreased 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. Jefferies Financial Group reduced their price target on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company decreased their price target on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Evercore ISI decreased their price target on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, Bank of America lifted their price target on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $114.29.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $93.41 on Thursday. The firm's 50-day simple moving average is $93.54 and its two-hundred day simple moving average is $98.87. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.24 and a 52 week high of $114.82. The company has a market cap of $11.09 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 1.53 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company's revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 59.33%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was 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 of the company's stock, valued at $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.47% of the stock is owned by insiders.

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.

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