Edgestream Partners L.P. Invests $3.60 Million in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Edgestream Partners L.P. bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,822 shares of the transportation company's stock, valued at approximately $3,598,000.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in C.H. Robinson Worldwide by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company's stock valued at $428,554,000 after buying an additional 191,611 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of C.H. Robinson Worldwide by 1.4% during the third quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company's stock valued at $341,555,000 after buying an additional 42,189 shares during the last quarter. Van ECK Associates Corp increased its stake in C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock worth $310,742,000 after purchasing an additional 3,004,338 shares during the period. FMR LLC boosted its stake in shares of C.H. Robinson Worldwide by 2,259.1% during the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock valued at $282,303,000 after purchasing an additional 2,449,367 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of C.H. Robinson Worldwide by 2.7% during the third 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. 93.15% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CHRW. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $118.00 to $130.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. reduced their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Benchmark reiterated a "buy" rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Finally, Susquehanna decreased their target price on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $117.79.

C.H. Robinson Worldwide Trading Down 1.9 %

NASDAQ:CHRW traded down $1.87 during mid-day trading on Wednesday, reaching $96.18. The company's stock had a trading volume of 1,325,385 shares, compared to its average volume of 1,377,281. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The company's fifty day simple moving average is $101.52 and its two-hundred day simple moving average is $104.69. 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 $11.42 billion, a P/E ratio of 24.98, a P/E/G ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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 directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 value 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 represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock worth $1,513,656 in 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.