Tobam Boosts Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Tobam increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 265.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,115 shares of the transportation company's stock after purchasing an additional 11,710 shares during the quarter. Tobam's holdings in C.H. Robinson Worldwide were worth $1,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in shares of C.H. Robinson Worldwide by 59.8% during the 4th quarter. Empowered Funds LLC now owns 15,166 shares of the transportation company's stock valued at $1,567,000 after purchasing an additional 5,673 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of C.H. Robinson Worldwide by 8.9% during the fourth quarter. Stephens Inc. AR now owns 2,531 shares of the transportation company's stock valued at $262,000 after purchasing an additional 207 shares during the last quarter. Summit Trail Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $206,000. Stonebridge Financial Group LLC bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at approximately $52,000. Finally, Allspring Global Investments Holdings LLC grew its position in C.H. Robinson Worldwide by 355.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 173,474 shares of the transportation company's stock valued at $17,830,000 after buying an additional 135,427 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CHRW shares. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. UBS Group cut their target price on shares of 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. JPMorgan Chase & Co. cut their target price on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Bank of America upped their price target on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, TD Securities upped their target price 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. 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $114.29.

C.H. Robinson Worldwide Stock Down 1.5%

C.H. Robinson Worldwide stock traded down $1.46 during midday trading on Friday, hitting $93.54. 981,522 shares of the company's stock were exchanged, compared to its average volume of 1,334,663. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. C.H. Robinson Worldwide, Inc. has a 12 month low of $83.23 and a 12 month high of $114.82. The firm has a 50-day moving average of $93.34 and a two-hundred day moving average of $99.07. The company has a market cap of $11.11 billion, a PE ratio of 24.30, a P/E/G ratio of 1.16 and a beta of 0.90.

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 (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the prior year, the business earned $0.86 EPS. The firm's quarterly revenue was down 8.3% on a year-over-year basis. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

Insider Activity

In related news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 71,441 shares of the company's stock, valued at $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.47% of the company's stock.

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.