C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Position Boosted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 95.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 205,425 shares of the transportation company’s stock after buying an additional 100,572 shares during the quarter. Los Angeles Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $21,225,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. lifted its holdings in C.H. Robinson Worldwide by 502.6% in the third quarter. Blue Trust Inc. now owns 928 shares of the transportation company’s stock worth $102,000 after acquiring an additional 774 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in C.H. Robinson Worldwide by 451.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 38,047 shares of the transportation company’s stock worth $4,199,000 after acquiring an additional 31,150 shares during the last quarter. Private Advisor Group LLC bought a new position in C.H. Robinson Worldwide in the third quarter worth about $241,000. Ballentine Partners LLC lifted its holdings in C.H. Robinson Worldwide by 26.9% in the third quarter. Ballentine Partners LLC now owns 3,224 shares of the transportation company’s stock worth $356,000 after acquiring an additional 683 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in C.H. Robinson Worldwide by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,326 shares of the transportation company’s stock worth $2,574,000 after acquiring an additional 465 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $98.77 on Wednesday. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month 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. The firm has a market capitalization of $11.72 billion, a PE ratio of 25.65, a P/E/G ratio of 1.16 and a beta of 0.82. The company’s 50 day simple moving average is $102.47 and its 200 day simple moving average is $104.69.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS 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%. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm 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 $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.51%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHRW. Bank of America cut their target price on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Benchmark reissued a “buy” rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Robert W. Baird raised their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Citigroup cut their target price on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and a consensus target price of $117.17.

Insiders Place Their Bets

In other C.H. Robinson Worldwide 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.18% of the stock is currently owned by company insiders.

About C.H. Robinson Worldwide

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.