Pacific Point Advisors LLC Makes New Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Pacific Point Advisors LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 271,802 shares of the transportation company's stock, valued at approximately $26,876,000. C.H. Robinson Worldwide comprises approximately 16.6% of Pacific Point Advisors LLC's investment portfolio, making the stock its biggest position. Pacific Point Advisors LLC owned approximately 0.23% of C.H. Robinson Worldwide at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in shares of C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after acquiring an additional 3,004,338 shares during the period. Norges Bank bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $134,833,000. Raymond James Financial Inc. acquired a new stake in C.H. Robinson Worldwide in the 4th quarter worth $102,174,000. First Trust Advisors LP increased its holdings in shares of C.H. Robinson Worldwide by 163.6% during the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock worth $124,625,000 after purchasing an additional 748,661 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of C.H. Robinson Worldwide by 25.7% during the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after buying an additional 593,211 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CHRW. TD Cowen raised their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Truist Financial initiated coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a "buy" rating and a $115.00 price objective for the company. Barclays decreased their target price on shares of C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. Raymond James dropped their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Wells Fargo & Company cut their price target on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $114.29.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 8,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares of the company's stock, valued at $7,732,740.53. This represents a 9.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Trading Down 1.4%

NASDAQ:CHRW traded down $1.40 on Wednesday, hitting $95.90. 305,484 shares of the stock were exchanged, compared to its average volume of 1,362,097. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. C.H. Robinson Worldwide, Inc. has a 52 week low of $82.16 and a 52 week high of $114.82. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 1.16 and a beta of 0.92. The company's 50-day moving average price is $93.99 and its 200 day moving average price is $100.27.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. C.H. Robinson Worldwide's revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. On average, equities research 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 $0.62 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.59%. C.H. Robinson Worldwide's dividend payout ratio is presently 59.33%.

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.