C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Mather Group LLC.

Mather Group LLC. lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 132,896 shares of the transportation company’s stock after selling 15,018 shares during the quarter. Mather Group LLC. owned 0.11% of C.H. Robinson Worldwide worth $13,731,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CHRW. Inspire Investing LLC acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $810,000. D.A. Davidson & CO. grew its stake in C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after acquiring an additional 443 shares during the period. Chesapeake Capital Corp IL purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth $835,000. Northstar Advisory Group LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth $587,000. Finally, JPMorgan Chase & Co. lifted its holdings in C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after purchasing an additional 36,769 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 1.4 %

C.H. Robinson Worldwide stock opened at $98.10 on Tuesday. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.15 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. The stock has a 50 day moving average of $105.33 and a two-hundred day moving average of $104.10. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.81 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Friday. Robert W. Baird boosted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $118.00 to $130.00 in a report on Monday, December 9th. Finally, Raymond James dropped their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average target price of $117.17.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Company 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.