KBC Group NV Buys 57,660 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

KBC Group NV grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 370.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 73,232 shares of the transportation company's stock after buying an additional 57,660 shares during the period. KBC Group NV owned approximately 0.06% of C.H. Robinson Worldwide worth $7,566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings in C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after acquiring an additional 111 shares during the last quarter. Quarry LP raised its stake in shares of C.H. Robinson Worldwide by 76.7% in 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 last quarter. Missouri Trust & Investment Co bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $41,000. Brooklyn Investment Group boosted its position 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 buying an additional 316 shares during the last quarter. Finally, Eastern Bank bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth about $54,000. Institutional investors own 93.15% of the company's stock.

Insiders Place Their Bets

In related news, insider Michael John Short sold 10,408 shares of the company's stock in a transaction dated 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 approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm's stock in a transaction dated 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 directly 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW traded down $7.92 on Thursday, reaching $100.01. The company had a trading volume of 2,330,782 shares, compared to its average volume of 1,009,673. The stock has a market capitalization of $11.82 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. 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 quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm's 50 day moving average price is $105.85 and its 200 day moving average price is $103.75.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly 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 30.38% and a net margin of 1.96%. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.39 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders 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 dividend yield of 2.48%. C.H. Robinson Worldwide's payout ratio is currently 85.81%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CHRW shares. JPMorgan Chase & Co. dropped their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a report on Thursday. 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. Susquehanna lowered their price target on C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating on the stock in a report on Thursday. Robert W. Baird lifted their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Finally, Barclays increased their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $116.50.

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.