Proficio Capital Partners LLC Takes Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Proficio Capital Partners LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 32,959 shares of the transportation company's stock, valued at approximately $33,000.

Other large investors also recently added to or reduced their stakes in the company. Inspire Investing LLC purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $810,000. D.A. Davidson & CO. boosted 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 buying an additional 443 shares during the last quarter. Chesapeake Capital Corp IL purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $835,000. Northstar Advisory Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $587,000. Finally, JPMorgan Chase & Co. lifted 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 acquiring an additional 36,769 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction dated 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 owns 77,027 shares of the company's stock, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,048 shares of company stock worth $1,513,656. Corporate insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Up 0.1 %

NASDAQ:CHRW opened at $96.32 on Friday. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The stock's fifty day moving average is $101.38 and its two-hundred day moving average is $104.63. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

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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 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 anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide's payout ratio is 64.42%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Benchmark reissued a "buy" rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Citigroup lowered their price target on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. TD Cowen increased their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a "hold" rating in a report on Friday, December 13th. JPMorgan Chase & Co. lowered their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Finally, Barclays increased their price target 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 analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $117.65.

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.

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