Occudo Quantitative Strategies LP Buys Shares of 6,711 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Occudo Quantitative Strategies LP acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,711 shares of the transportation company's stock, valued at approximately $693,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 2.4% during the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock worth $443,000 after acquiring an additional 102 shares in the last quarter. Cascade Investment Advisors Inc. boosted its holdings in C.H. Robinson Worldwide by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock valued at $1,652,000 after purchasing an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in C.H. Robinson Worldwide by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock valued at $400,000 after purchasing an additional 131 shares during the last quarter. Sound Financial Strategies Group LLC raised its holdings in C.H. Robinson Worldwide by 1.9% during the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock worth $867,000 after purchasing an additional 156 shares in the last quarter. Finally, USA Financial Formulas lifted its position in shares of C.H. Robinson Worldwide by 7.5% during the 4th quarter. USA Financial Formulas now owns 2,541 shares of the transportation company's stock worth $263,000 after buying an additional 177 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on CHRW shares. Wells Fargo & Company cut their price target on shares of 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. 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 report on Friday, April 11th. Stifel Nicolaus raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price for the company in a report on Friday, January 31st. StockNews.com downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Stephens reaffirmed an "equal weight" rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.29.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW traded up $0.49 on Tuesday, hitting $100.57. 202,211 shares of the company's stock were exchanged, compared to its average volume of 1,383,942. 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 firm's 50-day moving average price is $94.22 and its two-hundred day moving average price is $100.61. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $81.39 and a fifty-two week high of $114.82.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. C.H. Robinson Worldwide's revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 earnings per share. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 59.33%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide 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 value of $555,294.00. Following the completion of the transaction, the insider now directly owns 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.47% of the company's stock.

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.