Virtus Investment Advisers Inc. Takes Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Virtus Investment Advisers Inc. bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 900 shares of the transportation company’s stock, valued at approximately $93,000.

Several other large investors have also recently modified their holdings of the stock. Toronto Dominion Bank increased its position in shares of C.H. Robinson Worldwide by 9.0% during the 4th quarter. Toronto Dominion Bank now owns 63,110 shares of the transportation company’s stock valued at $6,521,000 after purchasing an additional 5,200 shares during the last quarter. Sagefield Capital LP bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $2,430,000. Shell Asset Management Co. increased its position in shares of C.H. Robinson Worldwide by 25.6% during the 4th quarter. Shell Asset Management Co. now owns 4,979 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 1,016 shares during the last quarter. Royal Bank of Canada increased its position in shares of C.H. Robinson Worldwide by 11.9% during the 4th quarter. Royal Bank of Canada now owns 270,154 shares of the transportation company’s stock valued at $27,913,000 after purchasing an additional 28,722 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its position in shares of C.H. Robinson Worldwide by 9.8% during the 4th quarter. Rafferty Asset Management LLC now owns 13,947 shares of the transportation company’s stock valued at $1,441,000 after purchasing an additional 1,249 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.2%

Shares of NASDAQ CHRW opened at $100.08 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The stock has a market capitalization of $11.88 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide, Inc. has a 1-year low of $81.39 and a 1-year high of $114.82. The business has a fifty day moving average price of $94.22 and a 200 day moving average price of $100.61.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the company posted $0.86 EPS. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 59.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup dropped their price objective on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Susquehanna dropped their price objective on C.H. Robinson Worldwide from $117.00 to $115.00 and set a “positive” rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. dropped their price objective on C.H. Robinson Worldwide from $126.00 to $118.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Stephens restated an “equal weight” rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Finally, TD Cowen boosted their price objective on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $114.29.

Insider Activity

In other news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider now directly owns 71,441 shares of the company’s stock, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.47% of the company’s stock.

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.