Vinva Investment Management Ltd Takes Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vinva Investment Management Ltd acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,407 shares of the transportation company’s stock, valued at approximately $560,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. National Pension Service acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $25,000. Proficio Capital Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $33,000. Missouri Trust & Investment Co purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $41,000. Mainstream Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $41,000. Finally, Quarry LP raised its holdings in shares of C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after buying an additional 171 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction 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 transaction, the insider now directly owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,048 shares of company stock valued at $1,513,656. 1.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Raymond James dropped their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Bank of America cut their target price on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $118.00 to $130.00 in a research report on Monday, December 9th. Finally, BMO Capital Markets upped their target price on 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.65.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $99.95 on Friday. The company has a market cap of $11.86 billion, a P/E ratio of 25.96, a PEG ratio of 1.16 and a beta of 0.83. The stock has a fifty day moving average price of $100.79 and a 200 day moving average price of $104.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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

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.