Quantinno Capital Management LP Buys 12,697 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Quantinno Capital Management LP increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 34.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,610 shares of the transportation company's stock after buying an additional 12,697 shares during the quarter. Quantinno Capital Management LP's holdings in C.H. Robinson Worldwide were worth $5,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Gateway Investment Advisers LLC lifted its holdings in C.H. Robinson Worldwide by 97.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 5,856 shares of the transportation company's stock valued at $605,000 after purchasing an additional 2,895 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $4,952,000. Brooklyn Investment Group lifted its stake in shares of C.H. Robinson Worldwide by 213.5% during the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after buying an additional 316 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in C.H. Robinson Worldwide by 6.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 92,809 shares of the transportation company's stock worth $9,589,000 after buying an additional 5,772 shares during the period. Finally, Perpetual Ltd boosted its holdings in C.H. Robinson Worldwide by 125.8% in the 4th quarter. Perpetual Ltd now owns 4,471 shares of the transportation company's stock worth $462,000 after buying an additional 2,491 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other C.H. Robinson Worldwide 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 value of $555,294.00. Following the completion of the sale, the insider now owns 71,441 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded down $2.89 during midday trading on Wednesday, reaching $97.18. 1,202,694 shares of the stock traded hands, compared to its average volume of 1,379,036. The company's 50 day moving average is $94.30 and its 200 day moving average is $100.61. C.H. Robinson Worldwide, Inc. has a one year low of $81.39 and a one year high of $114.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The stock has a market capitalization of $11.54 billion, a PE ratio of 25.24, a P/E/G ratio of 1.16 and a beta of 0.92.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. C.H. Robinson Worldwide's revenue was down 8.3% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 annualized dividend and a dividend yield of 2.55%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 59.33%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Benchmark restated a "buy" rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Truist Financial initiated coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a "buy" rating and a $115.00 target price for the company. Finally, Jefferies Financial Group lowered their price target on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a report on Friday, April 11th. One 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's stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $114.29.

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.