Burns Matteson Capital Management LLC Invests $334,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Burns Matteson Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, Holdings Channel reports. The fund bought 3,235 shares of the transportation company’s stock, valued at approximately $334,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the period. Quarry LP grew its position in C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after buying an additional 171 shares in the last quarter. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide in the 4th quarter worth about $41,000. Brooklyn Investment Group raised its holdings in shares of C.H. Robinson Worldwide by 213.5% in the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 316 shares in the last quarter. Finally, Eastern Bank bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $54,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 0.1 %

Shares of NASDAQ:CHRW opened at $96.59 on Monday. The stock’s 50-day moving average is $104.67 and its 200 day moving average is $104.31. The company has a market cap of $11.42 billion, a PE ratio of 25.09, a P/E/G ratio of 1.12 and a beta of 0.82. 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, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its 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%. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.57%. C.H. Robinson Worldwide’s dividend payout ratio is 64.42%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. 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. TD Cowen upped their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Robert W. Baird lifted their price target 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. Finally, Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $117.17.

Insider Activity

In other news, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.47% 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.