Russell Investments Group Ltd. Has $19.60 Million Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Russell Investments Group Ltd. trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,708 shares of the transportation company's stock after selling 11,565 shares during the period. Russell Investments Group Ltd. owned approximately 0.16% of C.H. Robinson Worldwide worth $19,601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CHRW. Parallel Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock worth $443,000 after purchasing an additional 102 shares in the last quarter. Cascade Investment Advisors Inc. grew its holdings in shares of C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock valued at $1,652,000 after acquiring an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in C.H. Robinson Worldwide by 3.5% during 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 purchasing an additional 131 shares during the last quarter. SkyView Investment Advisors LLC increased its position in C.H. Robinson Worldwide by 2.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock worth $717,000 after purchasing an additional 144 shares during the last quarter. Finally, Sound Financial Strategies Group LLC raised its stake in shares of C.H. Robinson Worldwide by 1.9% during the 4th quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock worth $867,000 after purchasing an additional 156 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

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C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $0.38 during trading hours on Tuesday, hitting $92.75. The stock had a trading volume of 351,217 shares, compared to its average volume of 1,412,491. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The company's fifty day moving average is $97.86 and its two-hundred day moving average is $103.45.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results 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%. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company dropped their price objective on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They issued a "buy" rating and a $129.00 price objective for the company. Benchmark reissued a "buy" rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Raymond James reduced their price target on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Barclays increased their price objective 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 investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and a consensus target price of $117.20.

Insider Activity

In related news, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate 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.