BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,955 shares of the transportation company’s stock after purchasing an additional 4,104 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in C.H. Robinson Worldwide were worth $3,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRW. CIBC World Markets Inc. increased its stake in shares of C.H. Robinson Worldwide by 135.6% in the 3rd quarter. CIBC World Markets Inc. now owns 33,212 shares of the transportation company’s stock valued at $3,252,000 after purchasing an additional 19,116 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in C.H. Robinson Worldwide by 5.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,460 shares of the transportation company’s stock worth $2,141,000 after buying an additional 1,235 shares during the period. BTIM Corp. lifted its stake in shares of C.H. Robinson Worldwide by 3.7% in the 4th quarter. BTIM Corp. now owns 87,076 shares of the transportation company’s stock valued at $7,322,000 after purchasing an additional 3,142 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of C.H. Robinson Worldwide by 100.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 50,000 shares of the transportation company’s stock valued at $4,896,000 after purchasing an additional 25,000 shares during the period. Finally, Capco Asset Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 4.8% in the 4th quarter. Capco Asset Management LLC now owns 149,505 shares of the transportation company’s stock valued at $12,572,000 after purchasing an additional 6,857 shares during the period. Institutional investors and hedge funds own 86.98% of the company’s stock.

Shares of CHRW opened at $89.34 on Friday. The company has a market cap of $12.19 billion, a P/E ratio of 18.89, a PEG ratio of 1.84 and a beta of 0.70. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.84. C.H. Robinson Worldwide Inc has a twelve month low of $78.83 and a twelve month high of $101.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, January 29th. The transportation company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.24 billion. C.H. Robinson Worldwide had a net margin of 4.00% and a return on equity of 43.12%. During the same quarter in the previous year, the firm posted $0.86 EPS. On average, sell-side analysts anticipate that C.H. Robinson Worldwide Inc will post 5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, February 28th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 42.28%.

CHRW has been the subject of a number of recent research reports. Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Thursday, January 31st. BidaskClub upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. C.H. Robinson Worldwide presently has an average rating of “Hold” and an average price target of $96.67.

In other news, insider Angela K. Freeman sold 2,914 shares of the business’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $91.01, for a total value of $265,203.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jordan T. Kass sold 1,382 shares of the business’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $90.80, for a total transaction of $125,485.60. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “C.H. Robinson Worldwide Inc (CHRW) Holdings Lifted by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2019/03/15/c-h-robinson-worldwide-inc-chrw-holdings-lifted-by-british-columbia-investment-management-corp.html.

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 three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. 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, which is 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 provides door-to-door services.

See Also: What are the reasons investors use put options?

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

Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.