Treasurer of the State of North Carolina Purchases 260 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Treasurer of the State of North Carolina lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 52,424 shares of the transportation company’s stock after purchasing an additional 260 shares during the quarter. Treasurer of the State of North Carolina’s holdings in C.H. Robinson Worldwide were worth $5,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. National Pension Service bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $25,000. Proficio Capital Partners LLC bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $33,000. Missouri Trust & Investment Co acquired a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $41,000. Mainstream Capital Management LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter worth $41,000. Finally, Brooklyn Investment Group increased 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 last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Up 1.2 %

Shares of NASDAQ:CHRW opened at $92.37 on Tuesday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. 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 business’s 50-day moving average is $97.86 and its 200-day moving average is $103.45. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 1.16 and a beta of 0.86.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction 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 owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction 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 owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several research analyst reports. Jefferies Financial Group reduced their target price on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft began coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They issued a “buy” rating and a $129.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Benchmark reissued a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.20.

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.