Candriam S.C.A. Lowers Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Candriam S.C.A. lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 83.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,610 shares of the transportation company’s stock after selling 93,617 shares during the quarter. Candriam S.C.A.’s holdings in C.H. Robinson Worldwide were worth $1,923,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of C.H. Robinson Worldwide by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock worth $428,554,000 after purchasing an additional 191,611 shares during the last quarter. Geode Capital Management LLC raised its position in shares of C.H. Robinson Worldwide by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company’s stock worth $341,555,000 after purchasing an additional 42,189 shares during the last quarter. Van ECK Associates Corp raised its position in shares of C.H. Robinson Worldwide by 92,841.1% in the 4th 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 during the last quarter. FMR LLC raised its position in shares of C.H. Robinson Worldwide by 2,259.1% in the 3rd 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 during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after purchasing an additional 36,769 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CHRW shares. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research report on Friday, January 31st. Benchmark reiterated a “buy” rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Barclays lifted their price objective 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. Finally, TD Cowen lifted their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.79.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 8,000 shares of the business’s 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction that occurred on 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 directly owns 34,469 shares in the company, 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. In the last three months, insiders have sold 15,048 shares of company stock valued at $1,513,656. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Up 4.4 %

Shares of NASDAQ:CHRW opened at $102.45 on Monday. The stock has a 50 day moving average of $101.67 and a 200 day moving average of $104.71. The company has a market cap of $12.16 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. 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 announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating 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, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.42%. C.H. Robinson Worldwide’s dividend payout ratio 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.