Islay Capital Management LLC Raises Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Islay Capital Management LLC boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 4,288.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,373 shares of the transportation company's stock after buying an additional 7,205 shares during the period. Islay Capital Management LLC's holdings in C.H. Robinson Worldwide were worth $762,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock worth $443,000 after acquiring an additional 102 shares during the last quarter. Cascade Investment Advisors Inc. increased its holdings in C.H. Robinson Worldwide by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock worth $1,652,000 after purchasing an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock worth $400,000 after purchasing an additional 131 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock valued at $717,000 after purchasing an additional 144 shares in the last quarter. Finally, Sound Financial Strategies Group LLC grew its holdings in shares of C.H. Robinson Worldwide by 1.9% during the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock worth $867,000 after purchasing an additional 156 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price objective on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Citigroup decreased their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a research report on Tuesday. Bank of America cut their price target on C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Stephens reiterated an "equal weight" rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $118.47.

C.H. Robinson Worldwide Stock Down 3.2 %

Shares of CHRW stock traded down $2.96 during mid-day trading on Thursday, hitting $88.98. The stock had a trading volume of 405,796 shares, compared to its average volume of 1,410,511. The firm has a market capitalization of $10.52 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The firm's 50-day moving average is $98.27 and its two-hundred day moving average is $103.84.

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 net margin of 2.63% and a return on equity of 34.53%. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's payout ratio is 64.42%.

Insider Buying and Selling

In other news, insider Michael D. Castagnetto sold 5,016 shares of the firm's 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. This trade represents a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the company'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 transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by company insiders.

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.