C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Roberts Glore & Co. Inc. IL

Roberts Glore & Co. Inc. IL trimmed its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,980 shares of the transportation company’s stock after selling 830 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in C.H. Robinson Worldwide were worth $928,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares in the last quarter. National Pension Service acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $25,000. 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 in the last quarter. Missouri Trust & Investment Co acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Finally, Mainstream Capital Management LLC purchased a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 4.4 %

Shares of CHRW stock opened at $102.45 on Friday. The business’s fifty day moving average price is $101.67 and its 200 day moving average price is $104.68. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The firm has a market capitalization of $12.16 billion, a PE ratio of 26.61, a P/E/G ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

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 for the quarter, topping analysts’ consensus estimates 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 forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS 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. Investors of record on Friday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Friday, January 31st. Benchmark reiterated a “buy” rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Robert W. Baird boosted their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Susquehanna reduced their price objective on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. Finally, BMO Capital Markets boosted their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $117.79.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,048 shares of company stock valued at $1,513,656 over the last quarter. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide 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.