C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Tobam

Tobam lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 87.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,405 shares of the transportation company's stock after selling 29,666 shares during the period. Tobam's holdings in C.H. Robinson Worldwide were worth $455,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Global X Japan Co. Ltd. boosted its stake in C.H. Robinson Worldwide by 4.2% during the fourth quarter. Global X Japan Co. Ltd. now owns 4,874 shares of the transportation company's stock worth $504,000 after buying an additional 197 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of C.H. Robinson Worldwide by 6.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,704 shares of the transportation company's stock valued at $1,209,000 after purchasing an additional 682 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in C.H. Robinson Worldwide by 19.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,127 shares of the transportation company's stock worth $11,128,000 after purchasing an additional 17,696 shares during the period. Guidance Capital Inc. acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $910,000. Finally, E. Ohman J or Asset Management AB increased its holdings in shares of C.H. Robinson Worldwide by 35.7% during the 4th quarter. E. Ohman J or Asset Management AB now owns 5,700 shares of the transportation company's stock worth $589,000 after buying an additional 1,500 shares during 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 2,032 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now owns 34,469 shares of the company's stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

CHRW has been the topic of a number of recent analyst reports. Stephens reiterated 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. Barclays increased their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a report on Friday, January 17th. BMO Capital Markets upped 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 report on Friday, December 13th. TD Cowen boosted their price target on shares of 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. Finally, Bank of America lowered their price objective 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Hold" and an average target price of $117.17.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded down $0.16 during mid-day trading on Tuesday, reaching $99.18. 526,255 shares of the company were exchanged, compared to its average volume of 1,133,747. The firm has a market cap of $11.72 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.12 and a beta of 0.82. 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 simple moving average is $104.54 and its two-hundred day simple moving average is $104.38. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82.

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 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%. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

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.