C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,154 shares of the transportation company's stock after acquiring an additional 28,722 shares during the quarter. Royal Bank of Canada owned 0.23% of C.H. Robinson Worldwide worth $27,913,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. National Pension Service bought a new position in C.H. Robinson Worldwide in the fourth quarter worth about $25,000. Proficio Capital Partners LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter worth about $33,000. Mainstream Capital Management LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter worth about $41,000. Stonebridge Financial Group LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter worth about $52,000. Finally, Bernard Wealth Management Corp. bought a new position in C.H. Robinson Worldwide in the fourth quarter worth about $83,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a "buy" rating and a $129.00 target price for the company. Benchmark reiterated a "buy" rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Raymond James cut their price objective on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, TD Cowen upped their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average 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 5,700 shares of the 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 sale, the insider now owns 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This 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 can be accessed through the SEC website. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Trading Up 0.0%

NASDAQ CHRW traded up $0.02 during trading hours on Thursday, reaching $95.60. The company had a trading volume of 263,466 shares, compared to its average volume of 1,358,764. The stock has a 50-day moving average of $93.90 and a 200 day moving average of $100.24. C.H. Robinson Worldwide, Inc. has a 1-year low of $82.16 and a 1-year 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 market capitalization of $11.35 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced 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. The ex-dividend date 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 payout ratio is currently 59.33%.

C.H. Robinson Worldwide Company 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.