Parallel Advisors LLC Has $443,000 Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Parallel Advisors LLC raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,290 shares of the transportation company’s stock after purchasing an additional 102 shares during the quarter. Parallel Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of C.H. Robinson Worldwide by 62.3% during the 3rd quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock worth $3,549,000 after buying an additional 12,348 shares during the period. Natixis Advisors LLC raised its stake in C.H. Robinson Worldwide by 25.9% during the third quarter. Natixis Advisors LLC now owns 15,343 shares of the transportation company’s stock worth $1,693,000 after acquiring an additional 3,153 shares in the last quarter. Quest Partners LLC acquired a new position in C.H. Robinson Worldwide during the third quarter worth $425,000. Pathstone Holdings LLC lifted its holdings in shares of C.H. Robinson Worldwide by 54.1% during the third quarter. Pathstone Holdings LLC now owns 23,736 shares of the transportation company’s stock valued at $2,622,000 after acquiring an additional 8,334 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $987,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHRW has been the subject of several analyst reports. 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 report on Friday, January 17th. Robert W. Baird raised their price objective 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. Deutsche Bank Aktiengesellschaft initiated coverage on C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a “buy” rating and a $129.00 target price on the stock. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Friday, January 31st. Finally, Citigroup cut their price objective on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $117.65.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction 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 trade represents a 12.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,048 shares of company stock valued at $1,513,656 in the last 90 days. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Price Performance

CHRW opened at $99.95 on Friday. The company has a fifty day moving average price of $100.79 and a two-hundred day moving average price of $104.42. The firm has a market capitalization of $11.86 billion, a PE ratio of 25.96, a P/E/G ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping 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%. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 dividend on an annualized basis and a dividend yield of 2.48%. C.H. Robinson Worldwide’s dividend payout ratio is 64.42%.

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.