C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,162 shares of the transportation company’s stock after acquiring an additional 1,139 shares during the period. Legacy Capital Group California Inc.’s holdings in C.H. Robinson Worldwide were worth $637,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Van ECK Associates Corp lifted its holdings in shares of C.H. Robinson Worldwide by 92,841.1% in the 4th 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 raised its position in C.H. Robinson Worldwide by 2,259.1% during the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after acquiring an additional 2,449,367 shares in the last quarter. Citigroup Inc. lifted its holdings in C.H. Robinson Worldwide by 137.8% in the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock valued at $47,573,000 after acquiring an additional 249,774 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in C.H. Robinson Worldwide by 12.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock valued at $155,149,000 after acquiring an additional 153,654 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in C.H. Robinson Worldwide by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock worth $436,648,000 after purchasing an additional 142,116 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.47% of the stock is owned by insiders.

Analyst Ratings Changes

CHRW has been the subject of several analyst reports. Bank of America decreased their target price on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Susquehanna decreased their price objective on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. The Goldman Sachs Group raised their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their price target on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Finally, Citigroup lowered their price target on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock 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 eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus price target of $117.17.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $100.42 on Friday. The firm has a 50-day simple moving average of $103.07 and a 200-day simple moving average of $104.57. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 1.16 and a beta of 0.82. 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 released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share 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%. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 yield of 2.47%. The ex-dividend date 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.