Alberta Investment Management Corp Buys 3,600 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Alberta Investment Management Corp lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 502,279 shares of the transportation company's stock after acquiring an additional 3,600 shares during the quarter. Alberta Investment Management Corp owned 0.42% of C.H. Robinson Worldwide worth $51,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Pasadena Private Wealth LLC boosted its stake in shares of C.H. Robinson Worldwide by 15.5% in the 4th quarter. Pasadena Private Wealth LLC now owns 2,326 shares of the transportation company's stock worth $240,000 after buying an additional 312 shares during the last quarter. Convergence Investment Partners LLC boosted its position in C.H. Robinson Worldwide by 19.6% in the fourth quarter. Convergence Investment Partners LLC now owns 12,277 shares of the transportation company's stock worth $1,268,000 after purchasing an additional 2,011 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of C.H. Robinson Worldwide by 54.7% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,370 shares of the transportation company's stock valued at $555,000 after purchasing an additional 1,898 shares during the period. Venturi Wealth Management LLC grew its position in C.H. Robinson Worldwide by 420.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,269 shares of the transportation company's stock valued at $131,000 after buying an additional 1,025 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in C.H. Robinson Worldwide by 1.2% during the fourth quarter. CIBC Asset Management Inc now owns 19,409 shares of the transportation company's stock valued at $2,005,000 after buying an additional 232 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Trading Up 0.5 %

Shares of NASDAQ:CHRW traded up $0.47 during trading on Friday, reaching $100.89. The company's stock had a trading volume of 1,135,081 shares, compared to its average volume of 1,121,211. The stock has a market capitalization of $11.98 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 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 firm's 50 day simple moving average is $103.07 and its two-hundred day simple moving average is $104.57.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data 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%. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company 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 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide's payout ratio is 64.42%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHRW. Barclays boosted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a research report on Friday, January 17th. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a "market perform" rating in a research report on Friday, December 13th. JPMorgan Chase & Co. reduced their price objective on shares of 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. Finally, Citigroup lowered their target price on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $117.17.

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.