iA Global Asset Management Inc. Raises Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

iA Global Asset Management Inc. lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,088 shares of the transportation company’s stock after purchasing an additional 378 shares during the period. iA Global Asset Management Inc.’s holdings in C.H. Robinson Worldwide were worth $836,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Inspire Investing LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $810,000. D.A. Davidson & CO. increased its stake in shares of C.H. Robinson Worldwide by 7.1% during the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after purchasing an additional 443 shares during the last quarter. Northstar Advisory Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $587,000. JPMorgan Chase & Co. increased its stake in shares of C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after purchasing an additional 36,769 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $211,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Benchmark reaffirmed a “buy” rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. StockNews.com downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a “buy” rating and a $129.00 price objective for the company. Finally, Robert W. Baird raised their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.65.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $99.95 on Friday. The stock has a market cap of $11.86 billion, a PE ratio of 25.96, a PEG ratio of 1.16 and a beta of 0.83. The company’s fifty day moving average is $100.79 and its 200 day moving average is $104.42. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 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%. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is currently owned by company insiders.

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.