CIBC Asset Management Inc Buys 232 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

CIBC Asset Management Inc lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,409 shares of the transportation company’s stock after acquiring an additional 232 shares during the quarter. CIBC Asset Management Inc’s holdings in C.H. Robinson Worldwide were worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings in C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $41,000. Quarry LP increased its position in shares of C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after buying an additional 171 shares during the period. Brooklyn Investment Group raised its stake in C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after buying an additional 316 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at $52,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CHRW shares. Stifel Nicolaus raised 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. Susquehanna lowered their target price on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a report on Thursday, January 30th. Robert W. Baird boosted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Benchmark reaffirmed a “buy” rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Finally, TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.17.

Insider Activity

In other news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $100.88 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The firm’s 50-day simple moving average is $102.86 and its 200 day simple moving average is $104.58. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.15 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.46%. C.H. Robinson Worldwide’s dividend payout ratio is currently 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.