18,928 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Purchased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,928 shares of the transportation company’s stock, valued at approximately $1,956,000.

Other large investors have also recently added to or reduced their stakes in the company. National Pension Service bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $25,000. Proficio Capital Partners LLC bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $33,000. Missouri Trust & Investment Co acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $41,000. Mainstream Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth about $41,000. Finally, Brooklyn Investment Group boosted its position in shares of C.H. Robinson Worldwide by 213.5% during the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 316 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CHRW. Stephens restated an “equal weight” rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft started coverage on C.H. Robinson Worldwide in a research note on Friday, March 7th. They issued a “buy” rating and a $129.00 price target on the stock. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lowered their target price on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Bank of America cut their price target on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $117.20.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $88.33 on Wednesday. The company has a market cap of $10.44 billion, a PE ratio of 22.94, a PEG ratio of 1.16 and a beta of 0.86. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 1 year low of $70.16 and a 1 year high of $114.82. The company’s 50-day moving average is $95.99 and its two-hundred day moving average is $102.12.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share 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%. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were given a $0.62 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.81%. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is owned by insiders.

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.