Sit Investment Associates Inc. Acquires 18,749 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sit Investment Associates Inc. increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 27.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,145 shares of the transportation company's stock after purchasing an additional 18,749 shares during the quarter. Sit Investment Associates Inc. owned approximately 0.07% of C.H. Robinson Worldwide worth $9,004,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRW. National Pension Service acquired a new position in C.H. Robinson Worldwide in the 4th quarter worth about $25,000. Quarry LP increased its holdings 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 buying an additional 171 shares during the last quarter. Missouri Trust & Investment Co acquired a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $41,000. Mainstream Capital Management LLC acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Finally, Brooklyn Investment Group lifted its stake in C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after acquiring an additional 316 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $0.58 during trading hours on Friday, hitting $90.85. The company had a trading volume of 311,361 shares, compared to its average volume of 1,411,647. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The firm's fifty day moving average is $98.11 and its 200 day moving average is $103.71. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.16 and a beta of 0.86.

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C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly 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%. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 64.42%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction dated 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 owns 34,586 shares in the company, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CHRW shares. StockNews.com downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Robert W. Baird upped their price target on 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. 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. Citigroup reduced their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a report on Tuesday. 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 report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.11.

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.