Golden State Equity Partners Purchases Shares of 3,731 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Golden State Equity Partners purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,731 shares of the transportation company's stock, valued at approximately $382,000.

Several other hedge funds have also modified their holdings of the stock. Chevy Chase Trust Holdings LLC grew its stake in shares of C.H. Robinson Worldwide by 0.4% during the first quarter. Chevy Chase Trust Holdings LLC now owns 62,256 shares of the transportation company's stock valued at $6,375,000 after purchasing an additional 223 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of C.H. Robinson Worldwide by 3.2% during the first quarter. Asset Management One Co. Ltd. now owns 47,441 shares of the transportation company's stock valued at $4,858,000 after purchasing an additional 1,457 shares during the last quarter. Intact Investment Management Inc. bought a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $72,000. ORG Partners LLC bought a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $167,000. Finally, Retirement Systems of Alabama boosted its stake in C.H. Robinson Worldwide by 172.6% in the first quarter. Retirement Systems of Alabama now owns 69,761 shares of the transportation company's stock valued at $7,144,000 after acquiring an additional 44,168 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Up 3.7%

Shares of NASDAQ:CHRW traded up $3.47 during midday trading on Friday, reaching $96.66. 1,804,367 shares of the company were exchanged, compared to its average volume of 1,312,938. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $114.82. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $93.81 and a two-hundred day simple moving average of $98.31. The firm has a market cap of $11.48 billion, a PE ratio of 23.12, a P/E/G ratio of 1.52 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the business posted $0.86 earnings per share. The firm's quarterly revenue was down 8.3% on a year-over-year basis. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.57%. C.H. Robinson Worldwide's payout ratio is 59.33%.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider now directly owns 71,441 shares in the company, valued at $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on CHRW. Raymond James Financial reduced their price objective on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Truist Financial began coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a "buy" rating and a $115.00 price objective on the stock. Wall Street Zen cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Bank of America raised their price objective 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $114.52.

C.H. Robinson Worldwide 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.