IFP Advisors Inc Sells 193 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

IFP Advisors Inc cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,319 shares of the transportation company’s stock after selling 193 shares during the quarter. IFP Advisors Inc’s holdings in C.H. Robinson Worldwide were worth $347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRW. Van ECK Associates Corp lifted its position in C.H. Robinson Worldwide by 92,841.1% during 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 in the last quarter. FMR LLC lifted its position in C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock worth $282,303,000 after buying an additional 2,449,367 shares in the last quarter. Citigroup Inc. lifted its position in C.H. Robinson Worldwide by 137.8% during the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock worth $47,573,000 after buying an additional 249,774 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in C.H. Robinson Worldwide by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock worth $155,149,000 after buying an additional 153,654 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in C.H. Robinson Worldwide by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock worth $436,648,000 after buying an additional 142,116 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $101.62 on Friday. The company’s 50 day moving average price is $102.14 and its two-hundred day moving average price is $104.67. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The firm has a market cap of $12.06 billion, a PE ratio of 26.39, a PEG ratio of 1.16 and a beta of 0.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.44%. C.H. Robinson Worldwide’s payout ratio is presently 64.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CHRW shares. StockNews.com raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday. Susquehanna dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Friday, January 31st. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $118.00 to $130.00 in a report on Monday, December 9th. Finally, TD Cowen upped 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.17.

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.