Accredited Investors Inc. Buys 18,904 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Accredited Investors Inc. grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 20.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 112,931 shares of the transportation company's stock after purchasing an additional 18,904 shares during the period. C.H. Robinson Worldwide makes up approximately 0.7% of Accredited Investors Inc.'s holdings, making the stock its 25th largest position. Accredited Investors Inc. owned approximately 0.10% of C.H. Robinson Worldwide worth $11,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nissay Asset Management Corp Japan ADV lifted its position in shares of C.H. Robinson Worldwide by 0.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock worth $1,483,000 after buying an additional 112 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in C.H. Robinson Worldwide by 5.5% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after buying an additional 114 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in C.H. Robinson Worldwide by 31.7% during 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 in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of C.H. Robinson Worldwide by 0.9% in the first quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company's stock valued at $1,579,000 after purchasing an additional 131 shares during the period. Finally, Pflug Koory LLC grew its position in shares of C.H. Robinson Worldwide by 3.3% during the 1st quarter. Pflug Koory LLC now owns 4,379 shares of the transportation company's stock worth $448,000 after buying an additional 140 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the business'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 directly owned 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Up 2.6%

NASDAQ:CHRW traded up $2.58 on Thursday, hitting $103.17. 1,835,350 shares of the company's stock were exchanged, compared to its average volume of 942,121. The firm has a 50-day moving average price of $96.71 and a 200-day moving average price of $97.27. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $114.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $12.25 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued 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. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 earnings per share. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CHRW shares. Jefferies Financial Group dropped their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. TD Securities increased their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Wells Fargo & Company lowered 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 objective on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Baird R W raised C.H. Robinson Worldwide to a "hold" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.29.

C.H. Robinson Worldwide Company Profile

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.