Raymond James Financial Inc. Acquires Shares of 988,906 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Raymond James Financial Inc. acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 988,906 shares of the transportation company's stock, valued at approximately $102,174,000. Raymond James Financial Inc. owned 0.84% of C.H. Robinson Worldwide at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CHRW. Venturi Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after buying an additional 111 shares during the period. National Pension Service purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $25,000. Quarry LP grew its stake in C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company's stock worth $43,000 after purchasing 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 worth $41,000. Finally, Mainstream Capital Management LLC bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $41,000. Institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays raised their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a research note on Friday, January 17th. Susquehanna cut their target price on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating on the stock in a research report on Thursday, January 30th. Benchmark reiterated a "buy" rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. StockNews.com lowered shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, TD Cowen increased 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $117.79.

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Insiders Place Their Bets

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

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded down $1.85 during midday trading on Wednesday, reaching $96.20. The company had a trading volume of 1,005,393 shares, compared to its average volume of 1,377,280. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The business's 50-day simple moving average is $101.52 and its 200 day simple moving average is $104.69. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The stock has a market cap of $11.42 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued 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%. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.58%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

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.