AGF Management Ltd. Cuts Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

AGF Management Ltd. reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,478 shares of the transportation company's stock after selling 5,798 shares during the quarter. AGF Management Ltd.'s holdings in C.H. Robinson Worldwide were worth $2,529,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 purchasing an additional 191,611 shares in the last quarter. Geode Capital Management LLC grew its position in 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 period. Van ECK Associates Corp raised its position in shares of 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 acquiring an additional 3,004,338 shares during the period. FMR LLC raised its position in shares of C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock worth $282,303,000 after acquiring an additional 2,449,367 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of C.H. Robinson Worldwide by 2.7% during 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 in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, 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 directly owns 34,586 shares in the company, valued at $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Trading Up 2.7 %

Shares of CHRW traded up $2.62 during mid-day trading on Monday, reaching $101.00. The stock had a trading volume of 1,122,803 shares, compared to its average volume of 1,332,926. 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 fifty day moving average is $101.13 and its 200 day moving average is $104.55. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly 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%. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

Analysts Set New Price Targets

CHRW has been the subject of a number of analyst reports. Raymond James reduced their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Barclays upped their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a research note on Friday, January 17th. Bank of America dropped their price target on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. StockNews.com cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $118.00 to $130.00 in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $117.65.

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.