Empowered Funds LLC Acquires 5,673 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Empowered Funds LLC increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 59.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,166 shares of the transportation company's stock after purchasing an additional 5,673 shares during the quarter. Empowered Funds LLC's holdings in C.H. Robinson Worldwide were worth $1,567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its position in C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after buying an additional 111 shares during the last quarter. Missouri Trust & Investment Co acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth $41,000. Quarry LP raised its position in shares of C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company's stock worth $43,000 after purchasing an additional 171 shares during the period. Brooklyn Investment Group lifted its holdings in shares of C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after purchasing an additional 316 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $54,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the business's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares of the company's stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.18% of the company's stock.

C.H. Robinson Worldwide Stock Down 0.9 %

CHRW stock traded down $0.90 during trading hours on Wednesday, hitting $99.02. The company's stock had a trading volume of 800,242 shares, compared to its average volume of 1,112,197. The stock has a 50 day moving average price of $103.55 and a two-hundred day moving average price of $104.64. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The company has a market capitalization of $11.71 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

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, topping analysts' consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is 64.42%.

Analyst Upgrades and Downgrades

A number of analysts have commented on CHRW shares. Benchmark reaffirmed a "buy" rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Susquehanna reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating for the company in a research report on Thursday, January 30th. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $118.00 to $130.00 in a research note on Monday, December 9th. Bank of America decreased their target price on 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. Finally, TD Cowen upped their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a "hold" rating in a research report on Friday, December 13th. One investment 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, the company presently has a consensus rating of "Hold" and a consensus target price 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.