Rhumbline Advisers Has $22.78 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Rhumbline Advisers trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 220,505 shares of the transportation company's stock after selling 7,759 shares during the period. Rhumbline Advisers owned approximately 0.19% of C.H. Robinson Worldwide worth $22,782,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. raised its stake in C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock valued at $1,230,000 after buying an additional 98 shares during the period. Cascade Investment Advisors Inc. raised its stake in C.H. Robinson Worldwide by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock valued at $1,652,000 after buying an additional 105 shares during the period. Venturi Wealth Management LLC raised its stake in C.H. Robinson Worldwide by 83.5% in the third 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. Tokio Marine Asset Management Co. Ltd. raised its stake in C.H. Robinson Worldwide by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock valued at $400,000 after buying an additional 131 shares during the period. Finally, SkyView Investment Advisors LLC raised its stake in C.H. Robinson Worldwide by 2.3% in the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock valued at $717,000 after buying an additional 144 shares during the period. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $0.46 during trading hours on Friday, reaching $100.88. The company's stock had a trading volume of 1,616,144 shares, compared to its average volume of 1,141,604. The firm's 50 day simple moving average is $103.07 and its 200-day simple moving average is $104.57. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.15 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

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 for the quarter, beating 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%. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced 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 dividend yield of 2.46%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the firm's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, the insider now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.47% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays upped their price objective 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. TD Cowen upped their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a "hold" rating in a research note on Friday, December 13th. Wells Fargo & Company raised C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $118.00 to $130.00 in a research report on Monday, December 9th. BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a "market perform" rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Hold" and a consensus price target of $117.17.

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.