Blueshift Asset Management LLC Invests $280,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Blueshift Asset Management LLC 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,708 shares of the transportation company's stock, valued at approximately $280,000.

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

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW traded up $1.88 during midday trading on Wednesday, hitting $101.88. The company had a trading volume of 1,075,548 shares, compared to its average volume of 1,344,410. The firm has a fifty day simple moving average of $100.67 and a two-hundred day simple moving average of $104.41. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 1.16 and a beta of 0.83.

Remove Ads

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping 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%. Equities analysts forecast 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.43%. C.H. Robinson Worldwide's payout ratio is 64.42%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now directly owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were 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 owns 34,586 shares in the company, valued at $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. Insiders sold a total of 15,048 shares of company stock valued at $1,513,656 over the last ninety days. 1.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

CHRW has been the subject of several research reports. Benchmark reiterated a "buy" rating and set a $125.00 price target on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Bank of America decreased their target price on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Robert W. Baird raised their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Stifel Nicolaus upgraded 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 report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a "buy" rating and a $129.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $117.15.

C.H. Robinson Worldwide 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.