Navellier & Associates Inc. Acquires Shares of 20,498 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Navellier & Associates Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, HoldingsChannel reports. The firm bought 20,498 shares of the transportation company’s stock, valued at approximately $2,118,000.

Several other institutional investors have also recently made changes to their positions in the stock. QRG Capital Management Inc. lifted its position in shares of C.H. Robinson Worldwide by 0.9% during the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock worth $1,230,000 after acquiring an additional 98 shares in the last quarter. Cascade Investment Advisors Inc. lifted 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 acquiring an additional 105 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after acquiring an additional 111 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of 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 worth $400,000 after acquiring an additional 131 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 2.3% during the third 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 in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.5 %

Shares of NASDAQ:CHRW opened at $100.88 on Friday. The stock’s 50-day moving average price is $102.86 and its 200-day moving average price is $104.58. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The stock has a market capitalization of $11.98 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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%. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.46%. C.H. Robinson Worldwide’s payout ratio is presently 64.42%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CHRW. Raymond James lowered their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Stephens reiterated an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. BMO Capital Markets increased their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Friday, December 13th. Finally, Bank of America lowered their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $117.17.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This trade represents a 12.67 % 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 link. 1.47% of the stock is owned by insiders.

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.