First Citizens Bank & Trust Co. Has $1.58 Million Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

First Citizens Bank & Trust Co. lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 15,291 shares of the transportation company’s stock after selling 776 shares during the period. First Citizens Bank & Trust Co.’s holdings in C.H. Robinson Worldwide were worth $1,580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in shares of C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after buying an additional 443 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $810,000. Chesapeake Capital Corp IL purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $835,000. Northstar Advisory Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $587,000. Finally, JPMorgan Chase & Co. boosted its stake 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 buying an additional 36,769 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CHRW shares. Barclays boosted their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. The Goldman Sachs Group boosted their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Citigroup raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, December 13th. Susquehanna raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and upped their price target for the stock from $115.00 to $130.00 in a report on Friday, January 3rd. Finally, TD Cowen upped their price target on shares of 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 analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $114.71.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $108.16 on Monday. 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 firm has a 50-day moving average of $105.88 and a 200-day moving average of $103.39. The firm has a market cap of $12.79 billion, a P/E ratio of 37.43, a P/E/G ratio of 0.87 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. C.H. Robinson Worldwide’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.39 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

C.H. Robinson Worldwide Company Profile

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.