Pasadena Private Wealth LLC Raises Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Pasadena Private Wealth LLC grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 15.5% in the 4th quarter, Holdings Channel reports. The firm owned 2,326 shares of the transportation company’s stock after purchasing an additional 312 shares during the period. Pasadena Private Wealth LLC’s holdings in C.H. Robinson Worldwide were worth $240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CHRW. Convergence Investment Partners LLC lifted its holdings in C.H. Robinson Worldwide by 19.6% in the fourth quarter. Convergence Investment Partners LLC now owns 12,277 shares of the transportation company’s stock worth $1,268,000 after buying an additional 2,011 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of C.H. Robinson Worldwide by 54.7% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,370 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 1,898 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 420.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,269 shares of the transportation company’s stock valued at $131,000 after purchasing an additional 1,025 shares during the period. CIBC Asset Management Inc boosted its position in shares of C.H. Robinson Worldwide by 1.2% during the fourth quarter. CIBC Asset Management Inc now owns 19,409 shares of the transportation company’s stock valued at $2,005,000 after purchasing an additional 232 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in C.H. Robinson Worldwide by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 142,016 shares of the transportation company’s stock worth $14,673,000 after purchasing an additional 7,183 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. 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. Robert W. Baird upped 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. Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a report on Thursday, January 30th. Benchmark restated a “buy” rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Finally, Raymond James lowered their price objective on 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $117.17.

C.H. Robinson Worldwide Trading Up 0.4 %

NASDAQ:CHRW opened at $99.92 on Wednesday. The company has a market cap of $11.81 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a 50 day simple moving average of $103.55 and a two-hundred day simple moving average of $104.64. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating 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%. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Insider Buying and Selling

In other news, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.18% of the stock is currently owned by insiders.

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.