C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by Citigroup Inc.

Citigroup Inc. grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 38.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,682 shares of the transportation company's stock after buying an additional 44,743 shares during the quarter. Citigroup Inc. owned 0.13% of C.H. Robinson Worldwide worth $16,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CHRW. North Capital Inc. bought a new stake in shares of C.H. Robinson Worldwide in the first quarter worth approximately $25,000. NBC Securities Inc. purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth $27,000. First Financial Corp IN purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth $31,000. AdvisorNet Financial Inc boosted its stake in shares of C.H. Robinson Worldwide by 252.1% during the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after acquiring an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of C.H. Robinson Worldwide by 31.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after purchasing an additional 116 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CHRW. 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 research note 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 company a "buy" rating in a research note on Friday, May 16th. Barclays reaffirmed an "underweight" rating and set a $95.00 price target (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. JPMorgan Chase & Co. increased their target price on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Susquehanna reissued a "positive" rating and issued a $120.00 target price (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $116.33.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,364 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the sale, the insider directly owned 60,401 shares of the company's stock, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider directly owned 65,728 shares of the company's stock, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW traded down $0.28 on Friday, hitting $121.24. The company had a trading volume of 1,304,639 shares, compared to its average volume of 1,623,634. The company has a market capitalization of $14.32 billion, a PE ratio of 27.62, a PEG ratio of 1.91 and a beta of 0.86. The company's fifty day moving average price is $101.97 and its 200-day moving average price is $98.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $122.05.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the previous year, the company posted $1.15 EPS. The firm's quarterly revenue was down 7.7% on a year-over-year basis. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is currently 56.49%.

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.