C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 92,841.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,007,574 shares of the transportation company’s stock after acquiring an additional 3,004,338 shares during the quarter. Van ECK Associates Corp’s holdings in C.H. Robinson Worldwide were worth $310,742,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CHRW. Inspire Investing LLC purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $810,000. D.A. Davidson & CO. grew its holdings in C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after buying an additional 443 shares in the last quarter. Chesapeake Capital Corp IL purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $835,000. Northstar Advisory Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $587,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of C.H. Robinson Worldwide by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after purchasing an additional 36,769 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHRW has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their target price on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Barclays lifted their price target on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $118.00 to $130.00 in a report on Monday, December 9th. BMO Capital Markets lifted their target price 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, Stephens restated an “equal weight” rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average price target of $117.17.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $97.55 on Thursday. The firm has a market capitalization of $11.53 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.12 and a beta of 0.82. The firm’s fifty day simple moving average is $104.18 and its 200-day simple moving average is $104.40. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. 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 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%. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is currently owned by corporate 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.