32,959 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 32,959 shares of the transportation company’s stock, valued at approximately $33,000.

Other large investors have also recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. boosted its position in shares of C.H. Robinson Worldwide by 0.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock worth $1,652,000 after buying an additional 105 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock valued at $400,000 after acquiring an additional 131 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after acquiring an additional 144 shares during the last quarter. Diversified Trust Co grew its stake in shares of C.H. Robinson Worldwide by 5.0% during the 4th quarter. Diversified Trust Co now owns 3,414 shares of the transportation company’s stock worth $353,000 after acquiring an additional 164 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CHRW shares. Wells Fargo & Company reduced their target price on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday. JPMorgan Chase & Co. decreased their price objective on 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. Benchmark reiterated a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. 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 research report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft started coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a “buy” rating and a $129.00 price target on the stock. 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. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.89.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares of the company’s stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares in the company, valued at $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. Over the last 90 days, insiders sold 15,048 shares of company stock valued at $1,513,656. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Down 0.5 %

Shares of CHRW opened at $101.13 on Friday. The firm has a market cap of $12.00 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The firm’s 50-day simple moving average is $100.58 and its 200 day simple moving average is $104.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS 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 forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share 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. 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 yield of 2.45%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is 64.42%.

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.