Edgestream Partners L.P. Invests $3.60 Million in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Edgestream Partners L.P. purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 34,822 shares of the transportation company’s stock, valued at approximately $3,598,000.

Several other institutional investors and hedge funds also recently modified their holdings of CHRW. Robeco Institutional Asset Management B.V. grew its stake in shares of C.H. Robinson Worldwide by 1.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 17,777 shares of the transportation company’s stock worth $1,962,000 after purchasing an additional 339 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of C.H. Robinson Worldwide by 13.3% in the third quarter. Asset Management One Co. Ltd. now owns 45,583 shares of the transportation company’s stock worth $5,031,000 after purchasing an additional 5,354 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock worth $1,230,000 after purchasing an additional 98 shares in the last quarter. Portside Wealth Group LLC grew its stake in shares of C.H. Robinson Worldwide by 2.6% in the third quarter. Portside Wealth Group LLC now owns 8,578 shares of the transportation company’s stock worth $947,000 after purchasing an additional 221 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $285,000. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CHRW shares. Bank of America decreased their price target on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Citigroup decreased their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. StockNews.com cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft began coverage on C.H. Robinson Worldwide in a research note on Friday. They set a “buy” rating and a $129.00 target price for the company. Finally, Susquehanna decreased their target price on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $117.79.

C.H. Robinson Worldwide Stock Up 4.4 %

CHRW opened at $102.45 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 business has a 50-day moving average of $101.67 and a 200-day moving average of $104.68. 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 company has a market capitalization of $12.16 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping 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%. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.42%. 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 Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 15,048 shares of company stock valued at $1,513,656 in the last three months. Corporate insiders own 1.47% 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.