Harvest Fund Management Co. Ltd Buys 2,110 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Harvest Fund Management Co. Ltd grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 65.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,311 shares of the transportation company’s stock after buying an additional 2,110 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in C.H. Robinson Worldwide were worth $514,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Inspire Investing LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $810,000. D.A. Davidson & CO. boosted its holdings in shares of C.H. Robinson Worldwide by 7.1% during the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after buying an additional 443 shares during the period. Northstar Advisory Group LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at $587,000. JPMorgan Chase & Co. raised its holdings in C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after acquiring an additional 36,769 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $211,000. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CHRW shares. BMO Capital Markets boosted their price target on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Stephens reiterated an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Susquehanna cut their target price on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. Citigroup dropped their price objective on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. One 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.65.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $99.30 on Friday. 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 stock has a market cap of $11.79 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The stock has a 50-day moving average of $100.83 and a 200-day moving average of $104.44. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.50%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock valued at $1,513,656 over the last 90 days. 1.47% of the stock is owned by company insiders.

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.