Cullinan Associates Inc. Sells 200 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cullinan Associates Inc. lessened its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,100 shares of the transportation company’s stock after selling 200 shares during the quarter. Cullinan Associates Inc.’s holdings in C.H. Robinson Worldwide were worth $4,370,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC grew its holdings in C.H. Robinson Worldwide by 26.9% during the 3rd quarter. Ballentine Partners LLC now owns 3,224 shares of the transportation company’s stock worth $356,000 after acquiring an additional 683 shares during the period. Legacy Capital Group California Inc. grew its stake in shares of C.H. Robinson Worldwide by 6.7% during the third quarter. Legacy Capital Group California Inc. now owns 5,023 shares of the transportation company’s stock worth $554,000 after purchasing an additional 317 shares during the period. IFM Investors Pty Ltd lifted its stake in C.H. Robinson Worldwide by 1.2% in the third quarter. IFM Investors Pty Ltd now owns 20,647 shares of the transportation company’s stock valued at $2,279,000 after buying an additional 236 shares during the period. International Assets Investment Management LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth about $42,400,000. Finally, Private Advisor Group LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth about $241,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.6 %

CHRW stock traded up $0.69 during mid-day trading on Friday, reaching $107.42. The company had a trading volume of 59,048 shares, compared to its average volume of 1,526,655. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $113.10. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50 day simple moving average of $104.99 and a two-hundred day simple moving average of $91.68. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of 42.19, a PEG ratio of 2.19 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the firm posted $0.90 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 6th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.31%. C.H. Robinson Worldwide’s payout ratio is presently 98.02%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CHRW. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and increased their price target for the company from $87.00 to $110.00 in a research report on Thursday, August 1st. Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Tuesday, July 9th. Evercore ISI boosted their target price on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Baird R W raised C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Barclays boosted their price objective on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus price target of $100.29.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.47% of the stock is 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.