Arrowstreet Capital Limited Partnership Takes Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Arrowstreet Capital Limited Partnership acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,646 shares of the transportation company's stock, valued at approximately $377,000.

Other institutional investors have also recently modified their holdings of the company. National Pension Service bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $25,000. Missouri Trust & Investment Co bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $41,000. Mainstream Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $41,000. Brooklyn Investment Group lifted its position in shares of C.H. Robinson Worldwide by 213.5% during the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock worth $48,000 after buying an additional 316 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at about $52,000. 93.15% of the stock is currently owned by institutional investors.

Insider Activity

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction dated 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 owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price objective for the company in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They set a "buy" rating and a $129.00 target price on the stock. Wells Fargo & Company dropped their price target on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, StockNews.com lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $117.20.

C.H. Robinson Worldwide Trading Down 1.9 %

Shares of CHRW stock traded down $1.70 during mid-day trading on Wednesday, hitting $89.86. The company's stock had a trading volume of 817,003 shares, compared to its average volume of 1,413,632. The company has a market cap of $10.62 billion, a PE ratio of 23.34, a P/E/G ratio of 1.16 and a beta of 0.86. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The company's fifty day simple moving average is $97.76 and its 200-day simple moving average is $103.37. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82.

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 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%. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.76%. 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.