C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,577 shares of the transportation company’s stock after buying an additional 2,681 shares during the quarter. Cibc World Markets Corp’s holdings in C.H. Robinson Worldwide were worth $1,919,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CHRW. Victory Capital Management Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 62.3% in the third quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock valued at $3,549,000 after purchasing an additional 12,348 shares in the last quarter. Natixis Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 25.9% during the 3rd quarter. Natixis Advisors LLC now owns 15,343 shares of the transportation company’s stock worth $1,693,000 after purchasing an additional 3,153 shares during the last quarter. Quest Partners LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $425,000. Pathstone Holdings LLC grew its holdings in C.H. Robinson Worldwide by 54.1% during the 3rd quarter. Pathstone Holdings LLC now owns 23,736 shares of the transportation company’s stock valued at $2,622,000 after buying an additional 8,334 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in C.H. Robinson Worldwide during the third quarter worth $987,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 0.7 %

Shares of CHRW stock opened at $99.95 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The firm’s 50 day moving average price is $100.79 and its two-hundred day moving average price is $104.42. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share 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%. On average, analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CHRW shares. StockNews.com downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a “buy” rating and a $129.00 target price on the stock. Susquehanna lowered their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a report on Thursday, January 30th. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. decreased 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 report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $117.65.

Insider Activity

In other news, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is currently owned by corporate insiders.

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.