Hudson Portfolio Management LLC Sells 180 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Hudson Portfolio Management LLC reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,715 shares of the transportation company’s stock after selling 180 shares during the period. Hudson Portfolio Management LLC’s holdings in C.H. Robinson Worldwide were worth $694,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. MML Investors Services LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $297,000. M&T Bank Corp boosted its position in shares of C.H. Robinson Worldwide by 4.0% in the third quarter. M&T Bank Corp now owns 6,517 shares of the transportation company’s stock valued at $719,000 after acquiring an additional 253 shares during the period. Geode Capital Management LLC grew its stake in C.H. Robinson Worldwide by 1.4% during the third quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company’s stock valued at $341,555,000 after acquiring an additional 42,189 shares in the last quarter. Toronto Dominion Bank increased its holdings in C.H. Robinson Worldwide by 1.7% during the 3rd quarter. Toronto Dominion Bank now owns 57,910 shares of the transportation company’s stock worth $6,392,000 after acquiring an additional 970 shares during the period. Finally, SkyView Investment Advisors LLC lifted its stake in C.H. Robinson Worldwide by 2.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after purchasing an additional 144 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CHRW shares. Raymond James decreased their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an “outperform” rating on the stock in a report on Friday. Jefferies Financial Group decreased their target price on C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a “buy” rating and a $129.00 price target for the company. Benchmark restated a “buy” rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Finally, StockNews.com lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.20.

C.H. Robinson Worldwide Stock Up 1.1 %

CHRW stock opened at $91.26 on Friday. The business’s 50 day moving average price is $97.96 and its two-hundred day moving average price is $103.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results 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, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

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.