Stevens Capital Management LP Invests $1.06 Million in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Stevens Capital Management LP bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,299 shares of the transportation company's stock, valued at approximately $1,064,000.

Other hedge funds have also recently added to or reduced their stakes in the company. National Pension Service acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $25,000. Proficio Capital Partners LLC purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth $33,000. Missouri Trust & Investment Co acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at $41,000. Mainstream Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $41,000. Finally, Quarry LP boosted its stake in shares of C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company's stock worth $43,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. Barclays upped their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a research note on Friday, January 17th. Benchmark restated a "buy" rating and set a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Raymond James lowered their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Citigroup cut their price objective on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lowered their target price on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $116.90.

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Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction dated 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 sale, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the company'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 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,048 shares of company stock valued at $1,513,656. Corporate insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded down $0.20 during midday trading on Thursday, hitting $101.68. 1,082,858 shares of the stock were exchanged, compared to its average volume of 1,342,516. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average price of $100.63 and a 200-day moving average price of $104.37. The stock has a market cap of $12.07 billion, a P/E ratio of 26.41, a PEG ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) 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.