QRG Capital Management Inc. Buys 527 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

QRG Capital Management Inc. grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,675 shares of the transportation company’s stock after acquiring an additional 527 shares during the quarter. QRG Capital Management Inc.’s holdings in C.H. Robinson Worldwide were worth $1,206,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Private Advisor Group LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at about $241,000. Nisa Investment Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 21.4% during the third quarter. Nisa Investment Advisors LLC now owns 12,918 shares of the transportation company’s stock valued at $1,432,000 after acquiring an additional 2,276 shares in the last quarter. First Trust Direct Indexing L.P. bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $263,000. Janney Montgomery Scott LLC raised its holdings in C.H. Robinson Worldwide by 1.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 138,245 shares of the transportation company’s stock worth $15,258,000 after acquiring an additional 2,077 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in C.H. Robinson Worldwide by 1.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,777 shares of the transportation company’s stock valued at $1,962,000 after acquiring an additional 339 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CHRW shares. TD Cowen lifted their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. JPMorgan Chase & Co. reduced their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Benchmark restated a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Stephens reiterated an “equal weight” rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Finally, Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.17.

Insider Transactions at C.H. Robinson Worldwide

In other 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 shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock valued at $1,513,656 over the last 90 days. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Down 1.2 %

C.H. Robinson Worldwide stock opened at $100.37 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 1.16 and a beta of 0.82. The firm has a 50 day moving average of $102.06 and a 200 day moving average of $104.74.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) 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%. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 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 given a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.47%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

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.