Blueshift Asset Management LLC Invests $280,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Blueshift Asset Management LLC bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, Holdings Channel.com reports. The firm bought 2,708 shares of the transportation company’s stock, valued at approximately $280,000.

A number of other institutional investors have also recently added to or reduced their stakes in CHRW. National Pension Service purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $25,000. Proficio Capital Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth about $33,000. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $41,000. Mainstream Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $41,000. Finally, Quarry LP lifted its position in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after acquiring an additional 171 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 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 $3,444,765.60. The trade was a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $803,120.00. Following the completion of the sale, 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. Insiders sold a total of 15,048 shares of company stock worth $1,513,656 in the last three months. 1.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup lowered their price objective on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Robert W. Baird lifted their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Friday, January 31st. Bank of America dropped their target price on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, Benchmark reiterated a “buy” rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $117.65.

C.H. Robinson Worldwide Stock Up 0.7 %

Shares of NASDAQ:CHRW opened at $99.95 on Friday. The company’s fifty day moving average is $100.79 and its two-hundred day moving average is $104.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data 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%. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

C.H. Robinson Worldwide Company 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.