Three Bridge Wealth Advisors LLC Sells 118 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Three Bridge Wealth Advisors LLC trimmed its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,277 shares of the transportation company’s stock after selling 118 shares during the quarter. Three Bridge Wealth Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $652,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after purchasing an additional 3,004,338 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of C.H. Robinson Worldwide by 355.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 173,474 shares of the transportation company’s stock valued at $17,830,000 after acquiring an additional 135,427 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $52,000. Summit Trail Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $206,000. Finally, Burns Matteson Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $334,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 2.2 %

NASDAQ:CHRW opened at $97.55 on Thursday. The firm has a 50 day moving average of $104.18 and a 200 day moving average of $104.40. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.12 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (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%. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a report on Friday, December 13th. Bank of America reduced their price target on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Robert W. Baird boosted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $118.00 to $130.00 in a research report on Monday, December 9th. Finally, Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $117.17.

Insider Activity

In other news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was 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 $3,578,226.89. The trade was a 5.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.47% of the company’s stock.

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.