Lowe Brockenbrough & Co. Inc. Decreases Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Lowe Brockenbrough & Co. Inc. cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,537 shares of the transportation company’s stock after selling 475 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in C.H. Robinson Worldwide were worth $1,303,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in C.H. Robinson Worldwide by 92,841.1% during the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after purchasing an additional 3,004,338 shares in the last quarter. FMR LLC boosted its position in C.H. Robinson Worldwide by 2,259.1% during the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock worth $282,303,000 after purchasing an additional 2,449,367 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in C.H. Robinson Worldwide during the fourth quarter worth $102,174,000. Jupiter Asset Management Ltd. boosted its position in C.H. Robinson Worldwide by 737.0% during the fourth quarter. Jupiter Asset Management Ltd. now owns 400,418 shares of the transportation company’s stock worth $41,371,000 after purchasing an additional 352,578 shares in the last quarter. Finally, Citigroup Inc. boosted its position in C.H. Robinson Worldwide by 137.8% during the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock worth $47,573,000 after purchasing an additional 249,774 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHRW has been the topic of several recent research reports. StockNews.com downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. 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. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $118.00 to $130.00 in a research report on Monday, December 9th. Stephens restated an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Finally, Susquehanna reduced their price objective on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.65.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the 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 completion of the transaction, the insider now 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value 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 $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,048 shares of company stock valued at $1,513,656 over the last quarter. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $99.95 on Friday. The firm has a market capitalization of $11.86 billion, a PE ratio of 25.96, a P/E/G ratio of 1.16 and a beta of 0.83. 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 has a 50-day moving average of $100.79 and a two-hundred day moving average of $104.42. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping the consensus estimate 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 forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 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.