Proficio Capital Partners LLC Makes New Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Proficio Capital Partners LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,959 shares of the transportation company’s stock, valued at approximately $33,000.

Other large investors have also modified their holdings of the company. Cascade Investment Advisors Inc. boosted its position in shares of C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock valued at $1,652,000 after acquiring an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in C.H. Robinson Worldwide by 3.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 131 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 2.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after purchasing an additional 144 shares during the period. Diversified Trust Co raised its holdings in shares of C.H. Robinson Worldwide by 5.0% in the 4th quarter. Diversified Trust Co now owns 3,414 shares of the transportation company’s stock worth $353,000 after buying an additional 164 shares in the last quarter. Finally, Quarry LP lifted its position 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 worth $43,000 after buying an additional 171 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Down 0.5 %

Shares of NASDAQ CHRW opened at $101.13 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The firm has a market capitalization of $12.00 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.16 and a beta of 0.83. 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’s 50 day simple moving average is $100.58 and its 200 day simple moving average is $104.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating 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, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.45%. C.H. Robinson Worldwide’s payout ratio is currently 64.42%.

Insider Activity

In related news, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the firm’s 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 sale, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock valued at $1,513,656 in the last ninety days. 1.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHRW. Stephens reiterated an “equal weight” rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Barclays increased their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Bank of America reduced their price target on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday. Truist Financial began coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a “buy” rating and a $115.00 price objective for the company. Finally, Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.89.

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.