Frank Rimerman Advisors LLC Increases Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Frank Rimerman Advisors LLC increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,124 shares of the transportation company’s stock after buying an additional 221 shares during the period. Frank Rimerman Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $219,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Catalyst Funds Management Pty Ltd boosted its holdings in C.H. Robinson Worldwide by 3.8% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 5,400 shares of the transportation company’s stock worth $558,000 after buying an additional 200 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in C.H. Robinson Worldwide by 6.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,755 shares of the transportation company’s stock worth $1,731,000 after buying an additional 1,047 shares in the last quarter. DecisionMap Wealth Management LLC purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at $493,000. Achmea Investment Management B.V. lifted its holdings in C.H. Robinson Worldwide by 11.6% during the fourth quarter. Achmea Investment Management B.V. now owns 10,861 shares of the transportation company’s stock valued at $1,122,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in C.H. Robinson Worldwide by 737.0% during the fourth quarter. Jupiter Asset Management Ltd. now owns 400,418 shares of the transportation company’s stock valued at $41,371,000 after purchasing an additional 352,578 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $101.00 on Tuesday. 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 cap of $11.99 billion, a P/E ratio of 26.23, a PEG ratio of 1.16 and a beta of 0.83. The company has a 50-day moving average price of $101.08 and a 200 day moving average price of $104.54. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating 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%. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. TD Cowen increased their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a report on Friday, December 13th. Benchmark reaffirmed a “buy” rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. StockNews.com downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. BMO Capital Markets increased their price objective on shares of 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. Finally, Barclays increased their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.65.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide 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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock worth $1,513,656 over the last three months. 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.