C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by Czech National Bank

Czech National Bank increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.3% during the fourth quarter, Holdings Channel reports. The fund owned 25,630 shares of the transportation company’s stock after acquiring an additional 1,739 shares during the quarter. Czech National Bank’s holdings in C.H. Robinson Worldwide were worth $2,648,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC grew its holdings in C.H. Robinson Worldwide by 4,229.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,208 shares of the transportation company’s stock valued at $193,000 after buying an additional 2,157 shares during the period. Choreo LLC purchased a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $238,000. Mercer Global Advisors Inc. ADV increased its position in C.H. Robinson Worldwide by 779.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 114,022 shares of the transportation company’s stock worth $10,048,000 after purchasing an additional 101,055 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in C.H. Robinson Worldwide by 19.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,506 shares of the transportation company’s stock worth $1,102,000 after purchasing an additional 2,009 shares during the period. Finally, Sprucegrove Investment Management Ltd. boosted its holdings in shares of C.H. Robinson Worldwide by 1.2% in the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 188,058 shares of the transportation company’s stock valued at $16,572,000 after purchasing an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.3 %

NASDAQ CHRW opened at $102.69 on Friday. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 35.53, a price-to-earnings-growth ratio of 0.83 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The company’s fifty day moving average price is $106.52 and its two-hundred day moving average price is $102.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.12 by $0.16. The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CHRW shares. Barclays increased their target price on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Evercore ISI raised their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Stifel Nicolaus boosted their target price on C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, December 16th. BMO Capital Markets raised their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th. Finally, Susquehanna upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $115.00 to $130.00 in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $114.35.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

C.H. Robinson Worldwide 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.