Raymond James Financial Inc. Takes $102.17 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Raymond James Financial Inc. bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 988,906 shares of the transportation company’s stock, valued at approximately $102,174,000. Raymond James Financial Inc. owned about 0.84% of C.H. Robinson Worldwide at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CHRW. National Pension Service bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC grew its holdings 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 valued at $27,000 after purchasing an additional 111 shares during the last quarter. Proficio Capital Partners LLC bought a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $33,000. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $41,000. Finally, Mainstream Capital Management LLC bought a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $41,000. 93.15% of the stock is owned by institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, 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 three months. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $102.45 on Friday. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. The stock has a fifty day moving average of $101.67 and a 200-day moving average of $104.68. The company has a market capitalization of $12.16 billion, a PE ratio of 26.61, 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 (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 64.42%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CHRW. TD Cowen increased their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Raymond James decreased their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Citigroup decreased their price objective on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Wells Fargo & Company raised 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 report on Monday, December 9th. Finally, Stephens reissued an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.79.

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.