Oppenheimer Asset Management Inc. Sells 2,046 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Oppenheimer Asset Management Inc. decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,385 shares of the transportation company’s stock after selling 2,046 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.09% of C.H. Robinson Worldwide worth $11,508,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CHRW. National Pension Service bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $25,000. Venturi Wealth Management LLC boosted its position in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the period. Missouri Trust & Investment Co bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $41,000. Quarry LP raised its holdings in shares of C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after buying an additional 171 shares during the period. Finally, Brooklyn Investment Group lifted its stake in shares of C.H. Robinson Worldwide by 213.5% during the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after acquiring an additional 316 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CHRW shares. JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Stephens reaffirmed an “equal weight” rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. The Goldman Sachs Group lifted their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. StockNews.com raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Barclays boosted their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.17.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $99.24 on Friday. The firm has a 50-day simple moving average of $102.19 and a two-hundred day simple moving average of $104.60. 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, Inc. has a one year low of $65.00 and a one year high of $114.82. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 1.16 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share 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%. On average, equities 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 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. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.50%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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. The trade was a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is currently owned by corporate 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.