First Financial Corp IN Buys Shares of 300 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

First Financial Corp IN bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 300 shares of the transportation company’s stock, valued at approximately $31,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in C.H. Robinson Worldwide by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company’s stock worth $1,501,774,000 after purchasing an additional 251,943 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in C.H. Robinson Worldwide by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock worth $428,554,000 after buying an additional 191,611 shares during the last quarter. Geode Capital Management LLC lifted its position in C.H. Robinson Worldwide by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company’s stock worth $326,549,000 after buying an additional 64,019 shares during the last quarter. Van ECK Associates Corp lifted its position in C.H. Robinson Worldwide by 92,841.1% in the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after buying an additional 3,004,338 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of C.H. Robinson Worldwide by 25.7% in the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock worth $299,582,000 after acquiring an additional 593,211 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the sale, the insider now directly owns 71,441 shares in the company, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Barclays lowered their price objective on C.H. Robinson Worldwide from $100.00 to $90.00 and set an “underweight” rating for the company in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They set a “buy” rating and a $129.00 price target for the company. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, TD Cowen upped their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $114.29.

C.H. Robinson Worldwide Stock Up 0.2%

NASDAQ:CHRW opened at $96.29 on Wednesday. The firm has a market cap of $11.43 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.16 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $82.16 and a fifty-two week high of $114.82. The firm has a 50-day simple moving average of $93.51 and a two-hundred day simple moving average of $99.78.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide’s payout ratio is 59.33%.

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.