Burns Matteson Capital Management LLC Buys New Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Burns Matteson Capital Management LLC acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,235 shares of the transportation company's stock, valued at approximately $334,000.

A number of other hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of C.H. Robinson Worldwide by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company's stock worth $436,648,000 after acquiring an additional 142,116 shares during the period. Geode Capital Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company's stock worth $341,555,000 after acquiring an additional 42,189 shares during the period. FMR LLC boosted its stake in shares of C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock worth $282,303,000 after acquiring an additional 2,449,367 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of C.H. Robinson Worldwide by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock worth $155,830,000 after acquiring an additional 36,769 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in C.H. Robinson Worldwide by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company's stock valued at $155,149,000 after buying an additional 153,654 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Up 1.1 %

Shares of NASDAQ CHRW traded up $1.07 during midday trading on Thursday, hitting $98.62. The company's stock had a trading volume of 979,776 shares, compared to its average volume of 1,143,668. 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 business's 50 day moving average is $104.03 and its two-hundred day moving average is $104.36. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The firm has a market cap of $11.66 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 1.12 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results 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%. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.51%. C.H. Robinson Worldwide's payout ratio is currently 64.42%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, December 31st. The stock was 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 approximately $3,578,226.89. The trade was a 5.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. TD Cowen increased their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a "hold" rating in a research note on Friday, December 13th. Barclays increased their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a research note on Friday, January 17th. JPMorgan Chase & Co. dropped their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Robert W. Baird increased their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, BMO Capital Markets increased their price target on 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $117.17.

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.