Empowered Funds LLC Boosts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Empowered Funds LLC boosted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 59.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,166 shares of the transportation company’s stock after buying an additional 5,673 shares during the period. Empowered Funds LLC’s holdings in C.H. Robinson Worldwide were worth $1,567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CHRW. Exchange Traded Concepts LLC lifted its holdings in shares of C.H. Robinson Worldwide by 1,245.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,130 shares of the transportation company’s stock valued at $125,000 after purchasing an additional 1,046 shares during the last quarter. Swedbank AB lifted its holdings in shares of C.H. Robinson Worldwide by 9.6% during the 3rd quarter. Swedbank AB now owns 15,134 shares of the transportation company’s stock valued at $1,670,000 after purchasing an additional 1,327 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of C.H. Robinson Worldwide by 4.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,022 shares of the transportation company’s stock valued at $1,216,000 after purchasing an additional 445 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 502.6% during the 3rd quarter. Blue Trust Inc. now owns 928 shares of the transportation company’s stock valued at $102,000 after purchasing an additional 774 shares during the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $1,773,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $99.49 on Friday. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $11.76 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.12 and a beta of 0.82. The stock’s 50-day moving average price is $103.91 and its 200-day moving average price is $104.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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 net margin of 2.63% and a return on equity of 34.53%. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CHRW. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Citigroup cut their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Susquehanna cut their target price on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, Barclays upped their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $117.17.

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.