Legacy Capital Group California Inc. Grows Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Legacy Capital Group California Inc. lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 22.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,162 shares of the transportation company’s stock after acquiring an additional 1,139 shares during the quarter. Legacy Capital Group California Inc.’s holdings in C.H. Robinson Worldwide were worth $637,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Handelsbanken Fonder AB lifted its stake in C.H. Robinson Worldwide by 40.2% during the fourth quarter. Handelsbanken Fonder AB now owns 35,200 shares of the transportation company’s stock worth $3,637,000 after purchasing an additional 10,100 shares in the last quarter. Alberta Investment Management Corp raised its holdings in shares of C.H. Robinson Worldwide by 0.7% in the 4th quarter. Alberta Investment Management Corp now owns 502,279 shares of the transportation company’s stock valued at $51,895,000 after buying an additional 3,600 shares during the period. Pasadena Private Wealth LLC lifted its stake in C.H. Robinson Worldwide by 15.5% during the 4th quarter. Pasadena Private Wealth LLC now owns 2,326 shares of the transportation company’s stock worth $240,000 after acquiring an additional 312 shares in the last quarter. Convergence Investment Partners LLC boosted its holdings in C.H. Robinson Worldwide by 19.6% during the 4th quarter. Convergence Investment Partners LLC now owns 12,277 shares of the transportation company’s stock valued at $1,268,000 after acquiring an additional 2,011 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its position in C.H. Robinson Worldwide by 54.7% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,370 shares of the transportation company’s stock valued at $555,000 after acquiring an additional 1,898 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value 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 approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CHRW shares. The Goldman Sachs Group increased their price target on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. BMO Capital Markets increased their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Susquehanna dropped their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. Stephens reaffirmed an “equal weight” rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Finally, Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $118.00 to $130.00 in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $117.17.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $100.42 on Friday. 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. The stock has a 50 day moving average price of $103.07 and a 200 day moving average price of $104.57. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 1.16 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict 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. Shareholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 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.