Canada Pension Plan Investment Board Buys 3,845 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Canada Pension Plan Investment Board lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,005 shares of the transportation company's stock after purchasing an additional 3,845 shares during the period. Canada Pension Plan Investment Board owned about 0.12% of C.H. Robinson Worldwide worth $14,775,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CHRW. Van ECK Associates Corp lifted its stake in shares of C.H. Robinson Worldwide by 92,841.1% in the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock worth $310,742,000 after acquiring an additional 3,004,338 shares during the period. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $134,833,000. Raymond James Financial Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $102,174,000. Wellington Management Group LLP increased its stake in shares of C.H. Robinson Worldwide by 25.7% during the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock worth $299,582,000 after purchasing an additional 593,211 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in C.H. Robinson Worldwide by 737.0% during the fourth quarter. Jupiter Asset Management Ltd. now owns 400,418 shares of the transportation company's stock worth $41,371,000 after buying an additional 352,578 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Insiders Place Their Bets

In other news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction 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 transaction, the insider now owns 34,586 shares of the company's stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $803,120.00. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $0.40 during mid-day trading on Wednesday, reaching $90.68. The company's stock had a trading volume of 1,118,537 shares, compared to its average volume of 1,405,068. 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 firm's 50-day moving average is $96.78 and its two-hundred day moving average is $102.67. C.H. Robinson Worldwide, Inc. has a 1-year low of $69.66 and a 1-year high of $114.82. The company has a market cap of $10.72 billion, a P/E ratio of 23.55, a PEG ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (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 predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.73%. C.H. Robinson Worldwide's dividend payout ratio is 64.42%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CHRW shares. Barclays upped their price objective on shares of 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. Wells Fargo & Company lowered their price objective on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Citigroup dropped their price target on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Raymond James dropped their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Stephens reissued an "equal weight" rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average price target of $117.20.

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.