Pictet Asset Management Holding SA Raises Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Pictet Asset Management Holding SA lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,998 shares of the transportation company's stock after purchasing an additional 16,066 shares during the quarter. Pictet Asset Management Holding SA owned about 0.08% of C.H. Robinson Worldwide worth $9,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. National Pension Service purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $25,000. Quarry LP lifted its stake in 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. Missouri Trust & Investment Co purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $41,000. Mainstream Capital Management LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $41,000. Finally, Brooklyn Investment Group increased its stake in C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock worth $48,000 after purchasing an additional 316 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CHRW. BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a "market perform" rating in a research note on Friday, December 13th. Bank of America dropped their price target on shares of 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. Raymond James reduced their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. StockNews.com cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Susquehanna reduced their price target on C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating on the stock in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, eight have given 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 an average rating of "Moderate Buy" and an average target price of $118.89.

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C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded down $1.77 during trading hours on Monday, reaching $89.17. The stock had a trading volume of 2,133,628 shares, compared to its average volume of 1,403,130. The firm has a 50-day moving average of $99.47 and a 200-day moving average of $104.26. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.16 and a beta of 0.86. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating the consensus estimate 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 predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a $0.62 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.78%. C.H. Robinson Worldwide's payout ratio is 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % 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 Angela K. Freeman sold 8,000 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

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.