C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,385 shares of the transportation company’s stock after selling 2,046 shares during the period. Oppenheimer Asset Management Inc.’s holdings in C.H. Robinson Worldwide were worth $11,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHRW. National Pension Service acquired a new stake in C.H. Robinson Worldwide during the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Missouri Trust & Investment Co acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at $41,000. Quarry LP boosted 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 valued at $43,000 after purchasing an additional 171 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 316 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $99.24 on Friday. The stock has a 50 day moving average of $102.19 and a two-hundred day moving average of $104.60. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The firm has a market cap of $11.78 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 1.16 and a beta of 0.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results 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 return on equity of 34.53% and a net margin of 2.63%. On average, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 dividend on an annualized basis and a yield of 2.50%. C.H. Robinson Worldwide’s payout ratio is presently 64.42%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Raymond James decreased their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research report on Friday, January 31st. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. Barclays lifted their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Finally, Stephens reiterated an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $117.17.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.18% of the stock is currently owned by company insiders.

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.