C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.6% in the fourth quarter, HoldingsChannel reports. The firm owned 2,124 shares of the transportation company’s stock after buying an additional 221 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Inspire Investing LLC purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $810,000. D.A. Davidson & CO. lifted its stake in C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after acquiring an additional 443 shares during the last quarter. Northstar Advisory Group LLC purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $587,000. JPMorgan Chase & Co. lifted its stake in C.H. Robinson Worldwide by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after acquiring an additional 36,769 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $211,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $101.00 on Tuesday. 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 stock has a market capitalization of $11.99 billion, a P/E ratio of 26.23, a P/E/G ratio of 1.16 and a beta of 0.83. The company’s fifty day moving average is $101.08 and its two-hundred day moving average is $104.54. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts predict 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 paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.46%. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction on 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 directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction 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 approximately $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock valued at $1,513,656 in the last ninety days. 1.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Raymond James decreased their price target on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Citigroup reduced their price objective on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. StockNews.com downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. 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 research report on Monday, December 9th. Finally, Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.65.

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.