Hussman Strategic Advisors Inc. Takes $2.15 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Hussman Strategic Advisors Inc. bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 21,000 shares of the transportation company's stock, valued at approximately $2,150,000.

A number of other large investors also recently modified their holdings of the stock. Parallel Advisors LLC grew 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 valued at $443,000 after purchasing an additional 102 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in C.H. Robinson Worldwide by 0.8% during 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 during the period. Deseret Mutual Benefit Administrators lifted its position in shares of C.H. Robinson Worldwide by 5.5% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after purchasing an additional 114 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position 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 purchasing an additional 116 shares during the period. Finally, First Citizens Bank & Trust Co. increased its stake in shares of C.H. Robinson Worldwide by 0.9% in 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 acquiring an additional 131 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Jefferies Financial Group decreased their price target on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Susquehanna reaffirmed a "positive" rating and set a $120.00 price objective (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the stock an "outperform" rating in a report on Tuesday. TD Cowen raised 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 note on Thursday, May 1st. Finally, Robert W. Baird started coverage on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 1st. They set a "neutral" rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus price target of $114.29.

Insider Buying and Selling at C.H. Robinson Worldwide

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

C.H. Robinson Worldwide Stock Down 1.1%

CHRW traded down $1.05 on Friday, hitting $97.48. The company had a trading volume of 1,232,694 shares, compared to its average volume of 1,284,504. The stock has a fifty day moving average price of $96.50 and a 200-day moving average price of $97.37. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $114.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 1.62 and a beta of 0.89.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 59.33%.

C.H. Robinson Worldwide Company 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.