Pacific Point Advisors LLC Takes $26.88 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Pacific Point Advisors LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 271,802 shares of the transportation company's stock, valued at approximately $26,876,000. C.H. Robinson Worldwide comprises about 16.6% of Pacific Point Advisors LLC's investment portfolio, making the stock its largest holding. Pacific Point Advisors LLC owned about 0.23% of C.H. Robinson Worldwide at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in C.H. Robinson Worldwide by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company's stock valued at $1,501,774,000 after purchasing an additional 251,943 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of C.H. Robinson Worldwide by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company's stock valued at $428,554,000 after acquiring an additional 191,611 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of C.H. Robinson Worldwide by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company's stock valued at $326,549,000 after acquiring an additional 64,019 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of C.H. Robinson Worldwide by 92,841.1% during 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 last quarter. Finally, Wellington Management Group LLP raised its stake 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 acquiring an additional 593,211 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction dated 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 approximately $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Up 1.6%

Shares of CHRW traded up $1.55 during trading hours on Tuesday, reaching $97.30. 913,623 shares of the stock traded hands, compared to its average volume of 1,381,870. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $94.03 and a 200 day simple moving average of $100.29. C.H. Robinson Worldwide, Inc. has a 52 week low of $82.16 and a 52 week high of $114.82. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.16 and a beta of 0.92.

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 EPS for the quarter, topping 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%. The company's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.55%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is 59.33%.

Analyst Upgrades and Downgrades

CHRW has been the subject of several analyst reports. Bank of America raised their price target 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. Susquehanna dropped 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 note on Thursday, May 1st. Raymond James decreased their price objective 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a "buy" rating and a $129.00 price objective for the company. Finally, Benchmark reiterated a "buy" rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.29.

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.