4,767 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Bought by DecisionMap Wealth Management LLC

DecisionMap Wealth Management LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, HoldingsChannel reports. The fund bought 4,767 shares of the transportation company’s stock, valued at approximately $493,000.

Several other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its position in C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares during the period. National Pension Service purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at $25,000. Quarry LP increased its position in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the period. Missouri Trust & Investment Co purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at $41,000. Finally, Mainstream Capital Management LLC purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at $41,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHRW. Bank of America reduced their price objective on shares of 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. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $118.00 to $130.00 in a research report on Monday, December 9th. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Friday, January 31st. Benchmark restated a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Finally, Stephens restated an “equal weight” rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.79.

Insider Activity

In other news, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,048 shares of company stock valued at $1,513,656 in the last quarter. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Price Performance

CHRW opened at $96.18 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The stock has a market capitalization of $11.42 billion, a P/E ratio of 24.98, a P/E/G ratio of 1.16 and a beta of 0.83. The company’s 50-day simple moving average is $101.38 and its two-hundred day simple moving average is $104.63. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is currently 64.42%.

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.