Oak Harvest Investment Services Acquires Shares of 3,000 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Oak Harvest Investment Services acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,000 shares of the transportation company's stock, valued at approximately $310,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Inspire Investing LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at about $810,000. D.A. Davidson & CO. lifted its holdings in C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company's stock worth $741,000 after purchasing an additional 443 shares during the last quarter. Chesapeake Capital Corp IL bought a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $835,000. Northstar Advisory Group LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $587,000. Finally, JPMorgan Chase & Co. raised its position in shares of C.H. Robinson Worldwide by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock valued at $155,830,000 after purchasing an additional 36,769 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide 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 sale, the insider now directly owns 34,469 shares of the company's stock, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael John Short sold 10,408 shares of the firm's stock in a transaction 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 of the company's stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. 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 subject of a number of research analyst reports. Barclays increased their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a research report on Friday, January 17th. TD Cowen upped their price target 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. Bank of America dropped their price objective on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Raymond James reduced their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Finally, Susquehanna dropped their price target on C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating for the company in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $117.17.

C.H. Robinson Worldwide Trading Up 0.8 %

NASDAQ:CHRW traded up $0.79 on Tuesday, reaching $98.89. The company's stock had a trading volume of 489,726 shares, compared to its average volume of 1,118,008. The firm has a market cap of $11.69 billion, a PE ratio of 25.72, a PEG ratio of 1.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The business's 50-day moving average price is $105.33 and its two-hundred day moving average price is $104.10. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) 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%. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.81 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

About C.H. Robinson Worldwide

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.