Gateway Investment Advisers LLC Buys 2,895 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Gateway Investment Advisers LLC boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 97.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,856 shares of the transportation company's stock after purchasing an additional 2,895 shares during the quarter. Gateway Investment Advisers LLC's holdings in C.H. Robinson Worldwide were worth $605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHRW. QRG Capital Management Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock worth $1,230,000 after purchasing an additional 98 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in C.H. Robinson Worldwide by 13.6% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company's stock worth $110,000 after acquiring an additional 120 shares during the last quarter. SkyView Investment Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 2.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock worth $717,000 after acquiring an additional 144 shares in the last quarter. Finally, Diversified Trust Co grew its stake in shares of C.H. Robinson Worldwide by 5.0% in the 4th quarter. Diversified Trust Co now owns 3,414 shares of the transportation company's stock worth $353,000 after acquiring an additional 164 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the business's stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% of the company's stock.

Analyst Ratings Changes

CHRW has been the topic of several analyst reports. Susquehanna upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "positive" rating and boosted their price target for the stock from $115.00 to $130.00 in a report on Friday, January 3rd. Barclays lifted their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a research report on Friday. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Citigroup raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 13th. Finally, TD Cowen increased their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $114.65.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $0.89 during trading hours on Friday, reaching $103.58. 1,119,326 shares of the company's stock traded hands, compared to its average volume of 771,554. 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 current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a market cap of $12.24 billion, a PE ratio of 35.84, a price-to-earnings-growth ratio of 0.83 and a beta of 0.83. The firm's 50 day simple moving average is $106.32 and its 200-day simple moving average is $102.61.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. C.H. Robinson Worldwide's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 earnings per share. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.39%. C.H. Robinson Worldwide's dividend payout ratio is presently 85.81%.

C.H. Robinson Worldwide Company 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.