1,387 Shares in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. bought a new position in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) during the first quarter, HoldingsChannel.com reports. The fund bought 1,387 shares of the transportation company’s stock, valued at approximately $121,000.

Several other institutional investors and hedge funds have also made changes to their positions in CHRW. FMR LLC grew its position in shares of C.H. Robinson Worldwide by 91.8% during the fourth quarter. FMR LLC now owns 8,014,313 shares of the transportation company’s stock worth $673,924,000 after acquiring an additional 3,836,115 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of C.H. Robinson Worldwide by 5,277.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,857,462 shares of the transportation company’s stock worth $34,000 after acquiring an additional 2,804,328 shares during the last quarter. Norges Bank purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $103,687,000. Vanguard Group Inc grew its position in shares of C.H. Robinson Worldwide by 3.1% during the third quarter. Vanguard Group Inc now owns 16,437,440 shares of the transportation company’s stock worth $1,609,555,000 after acquiring an additional 491,114 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of C.H. Robinson Worldwide by 3.2% during the first quarter. BlackRock Inc. now owns 12,061,557 shares of the transportation company’s stock worth $1,049,234,000 after acquiring an additional 378,132 shares during the last quarter. Institutional investors and hedge funds own 86.17% of the company’s stock.

In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. bought 1,202 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, May 9th. The stock was bought at an average price of $83.18 per share, with a total value of $99,982.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.65% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide stock opened at $83.70 on Friday. C.H. Robinson Worldwide Inc has a one year low of $77.72 and a one year high of $101.20. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.91 and a quick ratio of 1.91. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.87 and a beta of 0.62.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, April 30th. The transportation company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the company earned $1.01 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide Inc will post 4.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Thursday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 42.28%.

CHRW has been the topic of a number of analyst reports. UBS Group lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $99.00 to $83.00 in a research report on Wednesday, May 1st. Susquehanna Bancshares lowered shares of C.H. Robinson Worldwide from a “positive” rating to a “neutral” rating in a research report on Wednesday, April 10th. Stephens lowered their price objective on shares of C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Citigroup lowered their price objective on shares of C.H. Robinson Worldwide from $102.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $92.33.

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C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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