Cibc World Markets Corp Boosts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cibc World Markets Corp boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 16.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,577 shares of the transportation company's stock after purchasing an additional 2,681 shares during the quarter. Cibc World Markets Corp's holdings in C.H. Robinson Worldwide were worth $1,919,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Inspire Investing LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $810,000. D.A. Davidson & CO. lifted its stake in C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company's stock valued at $741,000 after buying an additional 443 shares during the last quarter. Northstar Advisory Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $587,000. JPMorgan Chase & Co. grew its position in shares of C.H. Robinson Worldwide by 2.7% during 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 last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $211,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CHRW shares. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price objective on the stock in a research report on Friday, January 31st. StockNews.com cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Barclays increased their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a research report on Friday, January 17th. Citigroup cut their price target on C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Finally, Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $118.00 to $130.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $117.15.

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Insiders Place Their Bets

In other news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the 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 transaction, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,048 shares of company stock valued at $1,513,656 in the last ninety days. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

CHRW traded up $1.88 during midday trading on Wednesday, reaching $101.88. 1,075,548 shares of the company's stock were exchanged, compared to its average volume of 1,344,410. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The business's 50-day moving average price is $100.67 and its 200 day moving average price is $104.41. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The stock has a market capitalization of $12.09 billion, a PE ratio of 26.46, a P/E/G ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 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%. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS 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. Shareholders of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.43%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 64.42%.

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.