Allstate Corp Makes New Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Allstate Corp purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 3,422 shares of the transportation company’s stock, valued at approximately $354,000.

A number of other hedge funds have also recently made changes to their positions in CHRW. Public Sector Pension Investment Board grew its position in C.H. Robinson Worldwide by 10.7% during the third quarter. Public Sector Pension Investment Board now owns 5,159 shares of the transportation company’s stock worth $569,000 after buying an additional 500 shares in the last quarter. Centiva Capital LP purchased a new position in shares of C.H. Robinson Worldwide during the third quarter worth about $1,778,000. Investment Management Corp of Ontario grew its holdings in shares of C.H. Robinson Worldwide by 50.2% during the third quarter. Investment Management Corp of Ontario now owns 3,891 shares of the transportation company’s stock worth $429,000 after purchasing an additional 1,300 shares in the last quarter. Royal London Asset Management Ltd. increased its position in shares of C.H. Robinson Worldwide by 3.4% in the third quarter. Royal London Asset Management Ltd. now owns 51,023 shares of the transportation company’s stock worth $5,631,000 after purchasing an additional 1,693 shares during the last quarter. Finally, Quarry LP raised its stake in C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on CHRW shares. 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. Bank of America reduced their target price on C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Wells Fargo & Company dropped their price target on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. BMO Capital Markets increased their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research report on Friday, December 13th. Finally, Benchmark restated a “buy” rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.89.

C.H. Robinson Worldwide Trading Up 0.1 %

CHRW opened at $102.82 on Thursday. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The business has a 50 day simple moving average of $100.45 and a two-hundred day simple moving average of $104.45. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results 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%. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Activity

In related news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 27th. The stock was 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 in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction 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 owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

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.