Altiora Financial Group LLC Trims Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Altiora Financial Group LLC cut its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 37.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the transportation company's stock after selling 3,000 shares during the quarter. Altiora Financial Group LLC's holdings in C.H. Robinson Worldwide were worth $517,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Inspire Investing LLC bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $810,000. D.A. Davidson & CO. lifted its stake in shares of C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company's stock worth $741,000 after acquiring an additional 443 shares during the period. Chesapeake Capital Corp IL acquired a new stake in C.H. Robinson Worldwide in the third quarter worth approximately $835,000. Northstar Advisory Group LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth about $587,000. Finally, JPMorgan Chase & Co. lifted its holdings in C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock valued at $155,830,000 after acquiring an additional 36,769 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded up $0.14 during trading hours on Thursday, hitting $96.32. 1,164,802 shares of the company were exchanged, compared to its average volume of 1,376,225. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week 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 has a fifty day simple moving average of $101.38 and a 200 day simple moving average of $104.63. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 1.16 and a beta of 0.83.

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C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping 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%. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.57%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now owns 34,469 shares of the company's stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were 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 in the company, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,048 shares of company stock valued at $1,513,656. Company insiders own 1.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHRW. Benchmark reissued a "buy" rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Bank of America decreased their target price on C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Robert W. Baird boosted their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price on the stock in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $117.65.

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.