Triasima Portfolio Management inc. Makes New $3.35 Million Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Triasima Portfolio Management inc. purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 32,380 shares of the transportation company's stock, valued at approximately $3,346,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CHRW. Venturi Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after purchasing an additional 111 shares during the period. Missouri Trust & Investment Co acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $41,000. Quarry LP grew its stake in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock valued at $43,000 after acquiring an additional 171 shares in the last quarter. Brooklyn Investment Group increased its stake in C.H. Robinson Worldwide by 213.5% in the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after buying an additional 316 shares during the period. Finally, Eastern Bank acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth $54,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

CHRW stock traded down $0.23 during mid-day trading on Tuesday, hitting $99.12. The stock had a trading volume of 548,800 shares, compared to its average volume of 1,135,804. The firm has a fifty day simple moving average of $104.54 and a 200 day simple moving average of $104.38. 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 current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $11.72 billion, a P/E ratio of 25.75, a P/E/G ratio of 1.12 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced 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%. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Citigroup cut 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 report on Monday, February 3rd. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $118.00 to $130.00 in a report on Monday, December 9th. Stephens reissued an "equal weight" rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. JPMorgan Chase & Co. lowered their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Finally, Benchmark reaffirmed a "buy" rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. One 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, the stock presently has an average rating of "Hold" and a consensus price target of $117.17.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.47% of the stock is owned by company insiders.

About C.H. Robinson Worldwide

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.