Sit Investment Associates Inc. Increases Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sit Investment Associates Inc. boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 27.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,145 shares of the transportation company’s stock after purchasing an additional 18,749 shares during the quarter. Sit Investment Associates Inc. owned about 0.07% of C.H. Robinson Worldwide worth $9,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aviva PLC increased its stake in shares of C.H. Robinson Worldwide by 1,520.9% during the fourth quarter. Aviva PLC now owns 70,639 shares of the transportation company’s stock valued at $7,298,000 after buying an additional 66,281 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $1,628,000. Resona Asset Management Co. Ltd. bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $5,828,000. Islay Capital Management LLC lifted its position in shares of C.H. Robinson Worldwide by 4,288.7% in the 4th quarter. Islay Capital Management LLC now owns 7,373 shares of the transportation company’s stock worth $762,000 after purchasing an additional 7,205 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $5,634,000. 93.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 8,000 shares of the 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 sale, the insider now directly owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This represents a 9.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide 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 completion of 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 own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their target price 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. Susquehanna dropped their price objective on C.H. Robinson Worldwide from $127.00 to $117.00 and set a “positive” rating on the stock in a research report on Wednesday, March 26th. Robert W. Baird boosted their target price 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. Stephens restated an “equal weight” rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Finally, StockNews.com lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.89.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $90.94 on Friday. The company has a 50 day simple moving average of $99.87 and a two-hundred day simple moving average of $104.35. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.16 and a beta of 0.86. 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating 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, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.73%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

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.