Richwood Investment Advisors LLC Cuts Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Richwood Investment Advisors LLC lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 19.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,038 shares of the transportation company’s stock after selling 500 shares during the quarter. Richwood Investment Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHRW. Victory Capital Management Inc. boosted its holdings in C.H. Robinson Worldwide by 62.3% in the third quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock worth $3,549,000 after acquiring an additional 12,348 shares in the last quarter. Natixis Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 25.9% in the third quarter. Natixis Advisors LLC now owns 15,343 shares of the transportation company’s stock worth $1,693,000 after acquiring an additional 3,153 shares in the last quarter. Quest Partners LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter worth about $425,000. Pathstone Holdings LLC boosted its holdings 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 in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in C.H. Robinson Worldwide in the third quarter worth about $987,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling

In related news, 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 transaction of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction 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 in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Susquehanna lowered their price target on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a report on Thursday, January 30th. Robert W. Baird raised their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Barclays lifted 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. TD Cowen lifted their target price 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. Finally, Benchmark reaffirmed a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. One 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.65.

C.H. Robinson Worldwide Stock Up 0.7 %

C.H. Robinson Worldwide stock opened at $99.95 on Friday. The stock has a market capitalization of $11.86 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The business has a 50 day simple moving average of $100.79 and a 200-day simple moving average of $104.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 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%. On average, 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 firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

C.H. Robinson Worldwide 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.