Envestnet Portfolio Solutions Inc. Sells 2,717 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Envestnet Portfolio Solutions Inc. lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 15.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,854 shares of the transportation company’s stock after selling 2,717 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in C.H. Robinson Worldwide were worth $1,535,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CHRW. Victory Capital Management Inc. grew its stake in shares of C.H. Robinson Worldwide by 62.3% during the 3rd quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock valued at $3,549,000 after purchasing an additional 12,348 shares during the period. Natixis Advisors LLC increased its holdings in C.H. Robinson Worldwide by 25.9% during the third quarter. Natixis Advisors LLC now owns 15,343 shares of the transportation company’s stock valued at $1,693,000 after buying an additional 3,153 shares during the last quarter. Quest Partners LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $425,000. Pathstone Holdings LLC raised its position in C.H. Robinson Worldwide by 54.1% in the third quarter. Pathstone Holdings LLC now owns 23,736 shares of the transportation company’s stock worth $2,622,000 after acquiring an additional 8,334 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $987,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CHRW shares. Barclays raised their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. BMO Capital Markets boosted their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Truist Financial began coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a “buy” rating and a $115.00 price target on the stock. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Finally, Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $117.65.

C.H. Robinson Worldwide Trading Up 0.7 %

Shares of NASDAQ CHRW opened at $99.95 on Friday. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The business’s 50 day moving average is $100.79 and its two-hundred day moving average is $104.42. The stock has a market capitalization of $11.86 billion, a P/E ratio of 25.96, a PEG ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly 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%. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is currently 64.42%.

Insiders Place Their Bets

In related news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares of the company’s stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock worth $1,513,656 over the last quarter. Company insiders own 1.47% of the company’s stock.

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.