Sierra Ocean LLC Invests $140,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sierra Ocean LLC acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,353 shares of the transportation company’s stock, valued at approximately $140,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Asset Management One Co. Ltd. boosted its position in shares of C.H. Robinson Worldwide by 0.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 45,984 shares of the transportation company’s stock worth $4,777,000 after purchasing an additional 401 shares during the last quarter. Van ECK Associates Corp lifted its stake in C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock valued at $310,742,000 after buying an additional 3,004,338 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in C.H. Robinson Worldwide by 355.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 173,474 shares of the transportation company’s stock worth $17,830,000 after buying an additional 135,427 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth about $52,000. Finally, Summit Trail Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $206,000. 93.15% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.47% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CHRW shares. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a report on Friday, December 13th. Raymond James lowered their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Stephens reiterated an “equal weight” rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. The Goldman Sachs Group increased their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Robert W. Baird lifted their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $117.17.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $99.49 on Monday. The stock’s 50-day simple moving average is $103.91 and its 200 day simple moving average is $104.65. 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 debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The company has a market cap of $11.76 billion, a P/E ratio of 25.84, a P/E/G ratio of 1.12 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 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, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.49%. C.H. Robinson Worldwide’s dividend payout ratio is presently 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.