Massachusetts Financial Services Co. MA Takes $5.63 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Massachusetts Financial Services Co. MA purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 54,528 shares of the transportation company’s stock, valued at approximately $5,634,000.

A number of other institutional investors have also recently bought and sold shares of CHRW. National Pension Service acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $25,000. Proficio Capital Partners LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at $33,000. Missouri Trust & Investment Co bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $41,000. Mainstream Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth $41,000. Finally, Quarry LP increased its position 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 worth $43,000 after purchasing an additional 171 shares during the period. Institutional investors own 93.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 8,000 shares of the firm’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 completion of the sale, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the business’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 owns 34,586 shares in the company, valued at $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CHRW shares. StockNews.com downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Wells Fargo & Company decreased their price objective on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Robert W. Baird upped their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Bank of America decreased their price target on C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Finally, Benchmark restated a “buy” rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $118.89.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $89.17 on Tuesday. The business has a 50-day moving average of $99.47 and a 200-day moving average of $104.26. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were given a dividend of $0.62 per share. The ex-dividend date was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.78%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 64.42%.

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.