Summit Global Investments Takes Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Summit Global Investments bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,354 shares of the transportation company's stock, valued at approximately $753,000.

Other institutional investors also recently bought and sold shares of the company. National Pension Service bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $25,000. Mainstream Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $41,000. AdvisorNet Financial Inc raised its holdings in shares of C.H. Robinson Worldwide by 252.1% in the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after acquiring an additional 300 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of C.H. Robinson Worldwide by 31.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after acquiring an additional 116 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $52,000. 93.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 5,700 shares of the 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 transaction, the insider now owns 71,441 shares in the company, valued at $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group decreased their price objective on C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wall Street Zen lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Wells Fargo & Company cut their target price on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Barclays cut their target price on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. Finally, Jefferies Financial Group cut their target price on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.29.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $0.15 during mid-day trading on Monday, hitting $96.12. The company had a trading volume of 1,089,523 shares, compared to its average volume of 1,342,733. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 12-month low of $82.16 and a 12-month high of $114.82. The company's fifty day moving average is $93.73 and its 200-day moving average is $99.90. The company has a market capitalization of $11.41 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 1.16 and a beta of 0.92.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released 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. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. The business's quarterly revenue was down 8.3% compared to the same quarter last year. Equities research analysts predict 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. The ex-dividend date is Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.58%. 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.