Massachusetts Financial Services Co. MA Acquires New Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Massachusetts Financial Services Co. MA purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 54,528 shares of the transportation company's stock, valued at approximately $5,634,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its position in shares of C.H. Robinson Worldwide by 10.7% during the third quarter. Public Sector Pension Investment Board now owns 5,159 shares of the transportation company's stock worth $569,000 after buying an additional 500 shares during the period. Royal London Asset Management Ltd. boosted its position in C.H. Robinson Worldwide by 3.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 51,023 shares of the transportation company's stock worth $5,631,000 after acquiring an additional 1,693 shares during the last quarter. Quarry LP grew its stake in shares of C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock worth $43,000 after acquiring an additional 171 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of C.H. Robinson Worldwide by 37.2% during the 3rd quarter. Quantinno Capital Management LP now owns 36,913 shares of the transportation company's stock worth $4,074,000 after acquiring an additional 10,006 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $851,000. Institutional investors and hedge funds own 93.15% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently commented on CHRW shares. Jefferies Financial Group reduced their target price on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a report on Friday. StockNews.com cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. TD Cowen lifted their target price 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. BMO Capital Markets increased 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. Finally, Citigroup lowered their price target on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $117.20.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $0.99 during trading hours on Friday, hitting $91.26. The company had a trading volume of 1,141,961 shares, compared to its average volume of 1,416,731. The firm has a 50-day moving average of $97.96 and a 200 day moving average of $103.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The firm has a market cap of $10.79 billion, a PE ratio of 23.70, a PEG ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is currently 64.42%.

Insider Activity

In other news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred 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 sale, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, 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 position. 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.