C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,160 shares of the transportation company’s stock after selling 304 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in C.H. Robinson Worldwide were worth $2,290,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. grew its position in C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock worth $1,230,000 after acquiring an additional 98 shares during the period. Cascade Investment Advisors Inc. grew its holdings in shares of C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock worth $1,652,000 after purchasing an additional 105 shares during the period. Venturi Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 83.5% during the 3rd 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. Tokio Marine Asset Management Co. Ltd. increased its position in shares of C.H. Robinson Worldwide by 3.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock worth $400,000 after purchasing an additional 131 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in C.H. Robinson Worldwide by 2.3% in the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after buying an additional 144 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of recent analyst reports. Bank of America dropped their price target on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Benchmark reiterated a “buy” rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a 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 target for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. 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 report on Friday, December 13th. Finally, Stifel Nicolaus raised 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 note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Hold” and a consensus target price of $117.17.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Up 0.4 %

Shares of NASDAQ CHRW opened at $99.74 on Wednesday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.12 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The business has a 50-day moving average of $104.38 and a two-hundred day moving average of $104.45.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.49%. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

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.