Geode Capital Management LLC Raises Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Geode Capital Management LLC raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,168,030 shares of the transportation company's stock after purchasing an additional 64,019 shares during the period. Geode Capital Management LLC owned approximately 2.68% of C.H. Robinson Worldwide worth $326,549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. Alliancebernstein L.P. lifted its stake in C.H. Robinson Worldwide by 5.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,910,660 shares of the transportation company's stock valued at $197,409,000 after acquiring an additional 101,668 shares in the last quarter. Wellington Management Group LLP increased its stake in C.H. Robinson Worldwide by 25.7% in the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after buying an additional 593,211 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 12.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,985 shares of the transportation company's stock worth $1,445,000 after buying an additional 1,496 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth $377,000. Finally, Allstate Corp purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $354,000. 93.15% of the stock is owned by institutional investors.

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Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 8,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were 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 in the company, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CHRW shares. BMO Capital Markets lifted their price target on 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. Stephens restated an "equal weight" rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Susquehanna reduced their target price on C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating for the company in a research report on Wednesday, March 26th. TD Cowen raised their target price 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, JPMorgan Chase & Co. dropped their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average price target of $118.47.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock traded down $3.06 during trading hours on Thursday, reaching $88.88. 266,590 shares of the stock traded hands, compared to its average volume of 1,364,089. The company has a 50 day moving average price of $98.27 and a 200 day moving average price of $103.84. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's payout ratio is currently 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.