Roberts Glore & Co. Inc. IL Reduces Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Roberts Glore & Co. Inc. IL lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,980 shares of the transportation company’s stock after selling 830 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in C.H. Robinson Worldwide were worth $928,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CHRW. Robeco Institutional Asset Management B.V. boosted its position in C.H. Robinson Worldwide by 1.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 17,777 shares of the transportation company’s stock valued at $1,962,000 after buying an additional 339 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in C.H. Robinson Worldwide by 13.3% in the third quarter. Asset Management One Co. Ltd. now owns 45,583 shares of the transportation company’s stock valued at $5,031,000 after buying an additional 5,354 shares during the last quarter. QRG Capital Management Inc. boosted its position in C.H. Robinson Worldwide by 0.9% in the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock worth $1,230,000 after purchasing an additional 98 shares in the last quarter. Portside Wealth Group LLC boosted its position in C.H. Robinson Worldwide by 2.6% in the 3rd quarter. Portside Wealth Group LLC now owns 8,578 shares of the transportation company’s stock worth $947,000 after purchasing an additional 221 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth approximately $285,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,048 shares of company stock valued at $1,513,656 in the last three months. 1.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on CHRW. 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. TD Cowen upped their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Citigroup lowered their price objective on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $117.79.

C.H. Robinson Worldwide Stock Up 4.4 %

NASDAQ CHRW opened at $102.45 on Friday. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. The company has a market cap of $12.16 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.16 and a beta of 0.83. The business has a fifty day moving average price of $101.67 and a 200 day moving average price of $104.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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 return on equity of 34.53% and a net margin of 2.63%. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

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.