C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 252,667 shares of the transportation company’s stock after buying an additional 1,071 shares during the period. C.H. Robinson Worldwide comprises about 1.0% of Ashton Thomas Private Wealth LLC’s portfolio, making the stock its 14th largest holding. Ashton Thomas Private Wealth LLC’s holdings in C.H. Robinson Worldwide were worth $26,262,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CHRW. National Pension Service purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC lifted its stake in C.H. Robinson Worldwide by 83.5% in 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 in the last quarter. Proficio Capital Partners LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $33,000. Missouri Trust & Investment Co purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $41,000. Finally, Mainstream Capital Management LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $41,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the company’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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock valued at $1,513,656 over the last ninety days. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $98.12 on Friday. The company has a fifty day simple moving average of $101.82 and a two-hundred day simple moving average of $104.68. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. 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, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82.

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

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.53%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several analyst reports. Citigroup reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Benchmark reaffirmed a “buy” rating and set a $125.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. BMO Capital Markets lifted their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research report on Friday, December 13th. Finally, TD Cowen lifted their price target 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 investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average price target of $117.17.

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.