BlackDiamond Wealth Management LLC Has $263,000 Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

BlackDiamond Wealth Management LLC trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 15.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,542 shares of the transportation company’s stock after selling 469 shares during the period. BlackDiamond Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $263,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of C.H. Robinson Worldwide by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock valued at $428,554,000 after buying an additional 191,611 shares during the period. Geode Capital Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company’s stock valued at $341,555,000 after buying an additional 42,189 shares during the period. Van ECK Associates Corp lifted its stake in shares of C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock valued at $310,742,000 after buying an additional 3,004,338 shares during the period. FMR LLC lifted its stake in shares of C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after buying an additional 2,449,367 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after purchasing an additional 36,769 shares during the period. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the subject of a number of analyst reports. BMO Capital Markets raised their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research note on Friday, December 13th. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Raymond James cut their price target on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, TD Cowen raised their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $117.65.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock valued at $1,513,656 over the last three months. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Price Performance

CHRW opened at $101.00 on Tuesday. The company has a fifty day moving average price of $101.08 and a two-hundred day moving average price of $104.54. 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 52 week low of $65.00 and a 52 week high of $114.82. The firm has a market capitalization of $11.99 billion, a PE ratio of 26.23, a P/E/G ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results 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 net margin of 2.63% and a return on equity of 34.53%. 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 Dividend Announcement

The company 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. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.46%. C.H. Robinson Worldwide’s dividend payout ratio is 64.42%.

C.H. Robinson Worldwide Company 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.