4,330 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Acquired by MQS Management LLC

MQS Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,330 shares of the transportation company's stock, valued at approximately $443,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. North Capital Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth about $25,000. NBC Securities Inc. bought a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $27,000. First Financial Corp IN acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $31,000. Proficio Capital Partners LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $33,000. Finally, AdvisorNet Financial Inc lifted its stake in C.H. Robinson Worldwide by 252.1% in the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after buying an additional 300 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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 objective for the company. Barclays dropped their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. Susquehanna restated a "positive" rating and issued a $120.00 price target (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Baird R W upgraded C.H. Robinson Worldwide to a "hold" rating in a report on Tuesday, July 1st. Finally, Citigroup boosted their target price on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One investment 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.29.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded down $1.38 on Monday, reaching $98.02. The stock had a trading volume of 1,006,406 shares, compared to its average volume of 1,298,624. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $114.82. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 1.63 and a beta of 0.89. The firm's 50-day moving average is $95.60 and its two-hundred day moving average is $97.49. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating 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 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 company earned $0.86 earnings per share. The business's revenue for the quarter was down 8.3% compared to the same quarter last year. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.53%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 59.33%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider owned 71,441 shares in the company, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by corporate insiders.

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.