Amundi Buys 168,025 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Amundi lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 34.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 654,547 shares of the transportation company’s stock after purchasing an additional 168,025 shares during the quarter. Amundi’s holdings in C.H. Robinson Worldwide were worth $67,818,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. National Pension Service bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC raised its holdings 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 acquiring an additional 111 shares during 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 institutional investors.

C.H. Robinson Worldwide Trading Down 3.5 %

Shares of C.H. Robinson Worldwide stock opened at $98.05 on Wednesday. The company has a market capitalization of $11.64 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.16 and a beta of 0.83. 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 fifty day moving average of $101.52 and a 200 day moving average of $104.69. 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 issued its earnings results 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%. On average, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related 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 value 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 document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction dated Tuesday, February 18th. The stock was 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 in the company, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,048 shares of company stock valued at $1,513,656 in the last 90 days. Insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. StockNews.com lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $118.00 to $130.00 in a report on Monday, December 9th. Benchmark reiterated a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their target price on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.79.

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.