Occudo Quantitative Strategies LP Buys Shares of 6,711 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Occudo Quantitative Strategies LP bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,711 shares of the transportation company’s stock, valued at approximately $693,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $25,000. Proficio Capital Partners LLC bought a new position in shares of 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 during the 4th quarter worth $41,000. Mainstream Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth $41,000. Finally, Brooklyn Investment Group lifted 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 worth $48,000 after buying an additional 316 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Evercore ISI decreased their price target on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Citigroup dropped their price objective on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Bank of America decreased their target price on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Finally, Susquehanna lowered their price target on shares of 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.38.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $98.03 on Thursday. The business has a 50-day moving average of $94.16 and a 200-day moving average of $100.82. 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 company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 25.46, 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the business earned $0.86 EPS. The company’s revenue was down 8.3% compared to the same quarter last year. As a group, equities research 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.53%. C.H. Robinson Worldwide’s payout ratio is 59.33%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide 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 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 SEC, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were 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 directly 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. Insiders own 1.47% of the company’s stock.

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.