Exchange Traded Concepts LLC Increases Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Exchange Traded Concepts LLC raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 170.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,574 shares of the transportation company's stock after purchasing an additional 17,387 shares during the period. Exchange Traded Concepts LLC's holdings in C.H. Robinson Worldwide were worth $2,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CHRW. Parallel Advisors LLC increased its position in C.H. Robinson Worldwide by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock worth $443,000 after purchasing an additional 102 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of 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 worth $1,483,000 after buying an additional 112 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 worth $49,000 after buying an additional 116 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of C.H. Robinson Worldwide by 0.9% during 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 in the last quarter. Finally, Sound Financial Strategies Group LLC raised its position in shares of C.H. Robinson Worldwide by 1.9% during the 4th quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock valued at $867,000 after buying an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Jefferies Financial Group dropped their target price on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a report on Friday, April 11th. Evercore ISI cut their target price on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Bank of America raised their price target on 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, Wall Street Zen lowered shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $114.29.

C.H. Robinson Worldwide Trading Down 0.8%

Shares of C.H. Robinson Worldwide stock traded down $0.77 on Friday, hitting $92.64. 578,690 shares of the company traded hands, compared to its average volume of 1,330,132. 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 $11.00 billion, a PE ratio of 22.17, a PEG ratio of 1.53 and a beta of 0.90. The stock's 50 day moving average price is $93.60 and its 200-day moving average price is $98.79. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.

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 the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The business had revenue of $4.05 billion during 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 business's revenue for the quarter was down 8.3% compared to the same quarter last year. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 59.33%.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction dated 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 sale, the insider now owns 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.47% of the stock is owned by company 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.