Toronto Dominion Bank Has $6.52 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Toronto Dominion Bank raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 9.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,110 shares of the transportation company's stock after buying an additional 5,200 shares during the quarter. Toronto Dominion Bank owned 0.05% of C.H. Robinson Worldwide worth $6,521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. Van ECK Associates Corp grew its holdings in C.H. Robinson Worldwide by 92,841.1% in 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 buying an additional 3,004,338 shares during the last quarter. Norges Bank acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $134,833,000. Raymond James Financial Inc. acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $102,174,000. First Trust Advisors LP lifted its position in shares of C.H. Robinson Worldwide by 163.6% in the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock worth $124,625,000 after acquiring an additional 748,661 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of C.H. Robinson Worldwide by 25.7% in 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 during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 0.2%

NASDAQ:CHRW traded down $0.23 on Friday, reaching $95.87. The company's stock had a trading volume of 2,199,687 shares, compared to its average volume of 1,343,757. C.H. Robinson Worldwide, Inc. has a 1-year low of $82.16 and a 1-year high of $114.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The firm has a market cap of $11.38 billion, a PE ratio of 24.90, a PEG ratio of 1.16 and a beta of 0.92. The business's 50-day moving average price is $93.73 and its two-hundred day moving average price is $99.98.

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 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. C.H. Robinson Worldwide's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. Equities research analysts anticipate 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 company also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.59%. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

Analysts Set New Price Targets

CHRW has been the subject of a number of research reports. UBS Group reduced their price objective on C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Susquehanna reduced their price objective on C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. Raymond James reduced their price objective on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Evercore ISI reduced their price objective on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They issued a "buy" rating and a $129.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $114.29.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.