Rhumbline Advisers Buys 24,232 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Rhumbline Advisers increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 11.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 244,737 shares of the transportation company's stock after purchasing an additional 24,232 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of C.H. Robinson Worldwide worth $25,061,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. National Pension Service bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $25,000. Proficio Capital Partners LLC purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $33,000. Mainstream Capital Management LLC purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $41,000. AdvisorNet Financial Inc lifted its holdings in C.H. Robinson Worldwide by 252.1% during the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after purchasing an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in C.H. Robinson Worldwide by 31.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after purchasing an additional 116 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction that occurred on 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 now owns 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is owned by insiders.

C.H. Robinson Worldwide Trading Down 0.7%

CHRW opened at $95.51 on Friday. The firm has a market cap of $11.34 billion, a P/E ratio of 24.81, a P/E/G ratio of 1.16 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 12 month low of $82.16 and a 12 month high of $114.82. 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 50-day moving average of $93.27 and a 200 day moving average of $99.65.

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

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide's payout ratio is 59.33%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CHRW shares. Deutsche Bank Aktiengesellschaft started coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They set a "buy" rating and a $129.00 target price on the stock. Citigroup lowered their price objective on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. TD Cowen boosted their price objective on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Finally, Susquehanna cut their price objective on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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