Aviva PLC Raises Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Aviva PLC lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1,520.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,639 shares of the transportation company's stock after buying an additional 66,281 shares during the period. Aviva PLC owned about 0.06% of C.H. Robinson Worldwide worth $7,298,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRW. National Pension Service acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $25,000. Proficio Capital Partners LLC bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth about $33,000. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $41,000. Mainstream Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the fourth quarter valued at approximately $41,000. Finally, Quarry LP grew its stake in shares of C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock valued at $43,000 after purchasing an additional 171 shares during the period. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $0.95 during mid-day trading on Monday, hitting $92.21. 85,325 shares of the company's stock traded hands, compared to its average volume of 1,414,227. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The firm has a 50 day simple moving average of $97.96 and a two-hundred day simple moving average of $103.57. 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 $10.90 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 1.16 and a beta of 0.86.

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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, 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, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's payout ratio is presently 64.42%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CHRW shares. Citigroup cut their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. StockNews.com lowered shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Jefferies Financial Group reduced their target price on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a report on Friday. Raymond James dropped their price target on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a report on Friday. Finally, Stephens restated an "equal weight" rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.20.

Insider Transactions at C.H. Robinson Worldwide

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 of the company's stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the insider now owns 34,586 shares in the company, 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 0.91% of the company's stock.

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.