C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by Quarry LP

Quarry LP raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1,508.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,338 shares of the transportation company's stock after acquiring an additional 5,944 shares during the quarter. Quarry LP's holdings in C.H. Robinson Worldwide were worth $655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CHRW. National Pension Service purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth about $25,000. Proficio Capital Partners LLC bought a new position in C.H. Robinson Worldwide in the 4th quarter worth about $33,000. Missouri Trust & Investment Co purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $41,000. Mainstream Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $41,000. Finally, Brooklyn Investment Group boosted its holdings in shares of C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after purchasing an additional 316 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. The trade was a 12.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. TD Cowen lifted their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research report on Thursday. 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. Susquehanna dropped their target price on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating on the stock in a report on Thursday. Citigroup cut their target price on shares of 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. Finally, Wells Fargo & Company lowered their price target on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.38.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded up $1.06 during midday trading on Thursday, reaching $90.28. The company's stock had a trading volume of 1,956,041 shares, compared to its average volume of 1,406,378. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average of $95.76 and a 200 day moving average of $102.03. C.H. Robinson Worldwide, Inc. has a twelve month low of $70.41 and a twelve month high of $114.82. The firm has a market capitalization of $10.67 billion, a PE ratio of 23.45, a P/E/G ratio of 1.16 and a beta of 0.86.

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 for the quarter, topping the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The firm's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.86 EPS. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were paid a $0.62 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.75%. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

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.