MetLife Investment Management LLC Has $3.36 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

MetLife Investment Management LLC cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,473 shares of the transportation company’s stock after selling 714 shares during the quarter. MetLife Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $3,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CHRW. Cetera Investment Advisers increased its stake in shares of C.H. Robinson Worldwide by 9.6% in the first quarter. Cetera Investment Advisers now owns 99,197 shares of the transportation company’s stock worth $7,553,000 after acquiring an additional 8,656 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares in the last quarter. DNB Asset Management AS boosted its holdings in C.H. Robinson Worldwide by 18.6% in the second quarter. DNB Asset Management AS now owns 22,995 shares of the transportation company’s stock worth $2,026,000 after purchasing an additional 3,606 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 106.8% in the second quarter. Kingswood Wealth Advisors LLC now owns 8,037 shares of the transportation company’s stock worth $708,000 after purchasing an additional 4,151 shares in the last quarter. Finally, CHICAGO TRUST Co NA bought a new stake in C.H. Robinson Worldwide in the second quarter worth $205,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now owns 70,943 shares in the company, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Evercore ISI upped their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Susquehanna decreased their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, November 1st. BMO Capital Markets upped their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Barclays upped their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $107.63.

C.H. Robinson Worldwide Stock Up 1.3 %

NASDAQ CHRW opened at $107.60 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a 50-day simple moving average of $107.98 and a 200 day simple moving average of $98.10. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The stock has a market cap of $12.72 billion, a PE ratio of 37.23, a PEG ratio of 1.21 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 85.81%.

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.