Woodline Partners LP Invests $733,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Woodline Partners LP bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,099 shares of the transportation company's stock, valued at approximately $733,000.

A number of other large investors have also bought and sold shares of the business. Zurich Insurance Group Ltd FI bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $1,364,000. Vident Advisory LLC acquired a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $1,523,000. Virtus Investment Advisers Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $93,000. Toronto Dominion Bank lifted its holdings in shares of C.H. Robinson Worldwide by 9.0% during the fourth quarter. Toronto Dominion Bank now owns 63,110 shares of the transportation company's stock worth $6,521,000 after buying an additional 5,200 shares in the last quarter. Finally, Sagefield Capital LP acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $2,430,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Down 0.2%

Shares of NASDAQ:CHRW traded down $0.23 during trading on Friday, reaching $95.87. 590,205 shares of the stock were exchanged, compared to its average volume of 1,358,495. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 1-year low of $82.16 and a 1-year high of $114.82. The stock has a fifty day moving average of $93.81 and a two-hundred day moving average of $100.15. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 24.91, 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 announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (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 during the quarter, compared to the consensus estimate 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 was down 8.3% compared to the same quarter last year. 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 Announces Dividend

The firm 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 $0.62 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 59.33%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of recent analyst reports. Citigroup decreased their target price 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. Raymond James dropped their price target on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. TD Cowen boosted their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Wells Fargo & Company dropped their price target 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. Finally, Barclays dropped their price target 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. One investment 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.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.29.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value 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. This represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.47% of the company's stock.

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.