Vanguard Group Inc. Purchases 251,943 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vanguard Group Inc. grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,535,174 shares of the transportation company’s stock after acquiring an additional 251,943 shares during the period. Vanguard Group Inc. owned about 0.12% of C.H. Robinson Worldwide worth $1,501,774,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Stevens Capital Management LP bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $1,064,000. LPL Financial LLC raised its holdings in C.H. Robinson Worldwide by 5.8% during the 4th quarter. LPL Financial LLC now owns 55,648 shares of the transportation company’s stock worth $5,750,000 after buying an additional 3,047 shares during the period. KLP Kapitalforvaltning AS bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $6,767,000. Sei Investments Co. boosted its holdings in shares of C.H. Robinson Worldwide by 3.0% in the fourth quarter. Sei Investments Co. now owns 64,685 shares of the transportation company’s stock valued at $6,683,000 after buying an additional 1,877 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $4,747,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $101.68 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average price is $100.63 and its two-hundred day moving average price is $104.37. The company has a market cap of $12.07 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82.

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 for the quarter, beating analysts’ consensus estimates 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, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 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 paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CHRW shares. Deutsche Bank Aktiengesellschaft started coverage on shares of C.H. Robinson Worldwide in a research report on Friday, March 7th. They issued a “buy” rating and a $129.00 price objective on the stock. BMO Capital Markets lifted their price target on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. StockNews.com cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Bank of America dropped their target price on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $119.05.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide 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 directly owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is owned by insiders.

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.