GAMMA Investing LLC Acquires 449,034 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

GAMMA Investing LLC grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 7,706.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 454,861 shares of the transportation company's stock after acquiring an additional 449,034 shares during the period. GAMMA Investing LLC owned 0.38% of C.H. Robinson Worldwide worth $46,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CHRW. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of C.H. Robinson Worldwide by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock worth $400,000 after acquiring an additional 131 shares during the last quarter. E. Ohman J or Asset Management AB grew its position in shares of C.H. Robinson Worldwide by 35.7% during the 4th quarter. E. Ohman J or Asset Management AB now owns 5,700 shares of the transportation company's stock worth $589,000 after buying an additional 1,500 shares during the period. Guidance Capital Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $910,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of C.H. Robinson Worldwide by 19.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,127 shares of the transportation company's stock worth $11,128,000 after buying an additional 17,696 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of C.H. Robinson Worldwide by 6.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,704 shares of the transportation company's stock worth $1,209,000 after buying an additional 682 shares during the period. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Down 0.7%

CHRW traded down $0.65 during trading on Thursday, reaching $95.51. The company had a trading volume of 697,076 shares, compared to its average volume of 1,338,104. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 12 month low of $82.16 and a 12 month high of $114.82. The business's fifty day moving average price is $93.41 and its 200 day moving average price is $99.75. The company has a market cap of $11.34 billion, a P/E ratio of 24.81, a PEG ratio of 1.16 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The business's revenue was down 8.3% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 2.60%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide's payout ratio is currently 59.33%.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several analyst reports. Barclays lowered their price target on shares of C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Wall Street Zen cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Bank of America lifted 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. Susquehanna lowered their price target on shares of 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. Finally, UBS Group lowered their price target 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $114.29.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction 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 sale, the insider now owns 71,441 shares of the company's stock, valued at $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.91% 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.