Principal Financial Group Inc. Raises Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Principal Financial Group Inc. lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,016 shares of the transportation company's stock after purchasing an additional 7,183 shares during the quarter. Principal Financial Group Inc. owned 0.12% of C.H. Robinson Worldwide worth $14,673,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Private Advisor Group LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth $241,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of C.H. Robinson Worldwide by 2.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,326 shares of the transportation company's stock worth $2,574,000 after buying an additional 465 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of C.H. Robinson Worldwide by 20.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 74,187 shares of the transportation company's stock worth $7,947,000 after buying an additional 12,665 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of C.H. Robinson Worldwide by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 13,573 shares of the transportation company's stock worth $1,498,000 after buying an additional 920 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in C.H. Robinson Worldwide by 21.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,918 shares of the transportation company's stock valued at $1,432,000 after buying an additional 2,276 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CHRW shares. Robert W. Baird raised their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target on the stock in a research report on Friday, January 31st. Stephens restated an "equal weight" rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Benchmark reiterated a "buy" rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Finally, TD Cowen increased 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and an average price target of $117.17.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded up $2.38 during trading on Friday, reaching $101.62. 1,835,516 shares of the stock were exchanged, compared to its average volume of 1,184,749. The firm has a market cap of $12.06 billion, a PE ratio of 26.39, a PEG ratio of 1.16 and a beta of 0.82. 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 12 month low of $65.00 and a 12 month high of $114.82. The stock has a 50-day moving average price of $102.14 and a 200-day moving average price of $104.67.

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, topping 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%. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is currently 64.42%.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.47% of the company's stock.

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.