C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,535 shares of the transportation company’s stock after selling 2,627 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in C.H. Robinson Worldwide were worth $2,156,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its stake in C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares in the last quarter. Venturi Wealth Management LLC raised its stake in 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 valued at $27,000 after acquiring an additional 111 shares in the last quarter. Eastern Bank bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $54,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $55,000. Finally, EdgeRock Capital LLC bought a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $62,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $107.62 on Thursday. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $113.10. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 37.24, a P/E/G ratio of 1.21 and a beta of 0.83. The stock’s fifty day simple moving average is $107.96 and its 200-day simple moving average is $98.26.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CHRW. BMO Capital Markets lifted their target price on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Citigroup downgraded C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 22nd. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Evercore ISI boosted their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group boosted their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $107.63.

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.