Potentia Wealth Buys Shares of 3,276 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Potentia Wealth purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,276 shares of the transportation company’s stock, valued at approximately $338,000.

A number of other institutional investors also recently modified their holdings of the company. National Pension Service acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at $25,000. Proficio Capital Partners LLC acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $33,000. Missouri Trust & Investment Co bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $41,000. Mainstream Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $41,000. Finally, Quarry LP increased its holdings in C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction 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 completion of the transaction, the insider now owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock worth $1,513,656 over the last ninety days. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Trading Up 0.5 %

NASDAQ CHRW opened at $100.48 on Tuesday. The business’s fifty day moving average is $100.73 and its 200-day moving average is $104.41. 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 $11.93 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping the consensus estimate 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%. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CHRW shares. Stephens reaffirmed an “equal weight” rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Friday, January 31st. Barclays raised their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. dropped their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Susquehanna reduced their price objective on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.65.

C.H. Robinson Worldwide 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.