Beacon Harbor Wealth Advisors Inc. Makes New $5.92 Million Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Beacon Harbor Wealth Advisors Inc. purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 57,325 shares of the transportation company's stock, valued at approximately $5,923,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Private Advisor Group LLC bought a new position in C.H. Robinson Worldwide during the third quarter valued at about $241,000. Janney Montgomery Scott LLC boosted its position in C.H. Robinson Worldwide by 1.5% during the third quarter. Janney Montgomery Scott LLC now owns 138,245 shares of the transportation company's stock worth $15,258,000 after purchasing an additional 2,077 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of C.H. Robinson Worldwide by 1.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 17,777 shares of the transportation company's stock valued at $1,962,000 after acquiring an additional 339 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of C.H. Robinson Worldwide by 13.3% in the third quarter. Asset Management One Co. Ltd. now owns 45,583 shares of the transportation company's stock valued at $5,031,000 after acquiring an additional 5,354 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock valued at $1,230,000 after acquiring an additional 98 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

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C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded up $4.33 during mid-day trading on Friday, reaching $102.45. The company's stock had a trading volume of 1,709,017 shares, compared to its average volume of 1,198,244. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The firm's fifty day moving average price is $101.67 and its two-hundred day moving average price is $104.68. 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 stock has a market cap of $12.16 billion, a P/E ratio of 26.61, a PEG 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, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.42%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of recent analyst reports. BMO Capital Markets raised their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a "market perform" rating in a research note on Friday, December 13th. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $118.00 to $130.00 in a research note on Monday, December 9th. Raymond James lowered their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. StockNews.com downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide in a research note on Friday. They set a "buy" rating and a $129.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.79.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 value of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares of the company's stock, valued at $3,444,765.60. The trade was a 12.67 % 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 owned by company insiders.

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.