Harvest Fund Management Co. Ltd Grows Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Harvest Fund Management Co. Ltd grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 65.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,311 shares of the transportation company’s stock after buying an additional 2,110 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in C.H. Robinson Worldwide were worth $514,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Inspire Investing LLC acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $810,000. D.A. Davidson & CO. raised its stake in shares of C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after purchasing an additional 443 shares during the period. Northstar Advisory Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $587,000. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $155,830,000 after purchasing an additional 36,769 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $211,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BMO Capital Markets boosted their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th. TD Cowen upped 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. Bank of America lowered their target price on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. 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. Finally, Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company 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 thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average target price of $117.65.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $99.30 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The firm’s 50 day moving average is $100.83 and its 200-day moving average is $104.44. 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 $11.79 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results 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 return on equity of 34.53% and a net margin of 2.63%. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed 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. This represents a $2.48 annualized dividend and a yield of 2.50%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is currently owned by company insiders.

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.