3,646 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,646 shares of the transportation company’s stock, valued at approximately $377,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. National Pension Service bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth $25,000. Proficio Capital Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at $33,000. Missouri Trust & Investment Co purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at $41,000. Mainstream Capital Management LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth about $41,000. Finally, Brooklyn Investment Group raised its holdings in C.H. Robinson Worldwide by 213.5% during the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after buying an additional 316 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $91.26 on Monday. The stock has a market capitalization of $10.79 billion, a P/E ratio of 23.70, a P/E/G ratio of 1.16 and a beta of 0.86. The business has a 50-day moving average of $97.96 and a two-hundred day moving average of $103.57. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. 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 posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share 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 research analysts predict 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 was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.72%. C.H. Robinson Worldwide’s payout ratio is presently 64.42%.

Wall Street Analyst Weigh In

Several research analysts have commented on CHRW shares. Stephens reiterated an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a “positive” rating on the stock in a research report on Wednesday, March 26th. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Barclays lifted their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. decreased their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average target price of $117.20.

Insider Buying and Selling

In other news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was 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 in the company, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.

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.