Geode Capital Management LLC Purchases 64,019 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Geode Capital Management LLC increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,168,030 shares of the transportation company’s stock after purchasing an additional 64,019 shares during the period. Geode Capital Management LLC owned approximately 2.68% of C.H. Robinson Worldwide worth $326,549,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. National Pension Service purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $25,000. Proficio Capital Partners LLC purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at $33,000. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide in the 4th quarter valued at $41,000. Mainstream Capital Management LLC purchased a new stake in C.H. Robinson Worldwide in the fourth quarter worth $41,000. Finally, Quarry LP lifted its position in shares of C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays raised their price target on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. dropped their target price on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They set a “buy” rating and a $129.00 price target for the company. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Friday, January 31st. Finally, Stephens reaffirmed an “equal weight” rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.89.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the firm’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 completion of the transaction, the insider now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $90.94 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.16 and a beta of 0.86. The stock’s 50-day simple moving average is $99.87 and its 200-day simple moving average is $104.32.

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 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%. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 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.