Zacks Investment Management Has $3.71 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Zacks Investment Management increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,865 shares of the transportation company's stock after acquiring an additional 9,047 shares during the period. Zacks Investment Management's holdings in C.H. Robinson Worldwide were worth $3,706,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Pension Service acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $25,000. Proficio Capital Partners LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth about $33,000. Missouri Trust & Investment Co acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Mainstream Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $41,000. Finally, Brooklyn Investment Group boosted its holdings in shares of 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 in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several research analyst reports. Raymond James dropped their price objective on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Bank of America reduced their price objective on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Truist Financial initiated coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They set a "buy" rating and a $115.00 target price for the company. Susquehanna decreased their price target on C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company cut their price objective on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $117.20.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the company'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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 approximately $3,444,765.60. The trade was a 12.67 % 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 Stock Performance

CHRW stock traded up $0.29 during mid-day trading on Wednesday, reaching $90.57. The company had a trading volume of 384,870 shares, compared to its average volume of 1,399,997. The stock has a market capitalization of $10.71 billion, a P/E ratio of 23.52, a P/E/G ratio of 1.16 and a beta of 0.86. The stock's 50-day simple moving average is $96.96 and its two-hundred day simple moving average is $102.75. C.H. Robinson Worldwide, Inc. has a one year low of $69.66 and a one year 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 posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.74%. C.H. Robinson Worldwide's dividend payout ratio is currently 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.