Prudential Financial Inc. Sells 39,242 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Prudential Financial Inc. lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 30.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 91,767 shares of the transportation company’s stock after selling 39,242 shares during the period. Prudential Financial Inc.’s holdings in C.H. Robinson Worldwide were worth $9,481,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC grew its holdings in C.H. Robinson Worldwide by 2.4% during the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock valued at $443,000 after purchasing an additional 102 shares during the last quarter. Cascade Investment Advisors Inc. grew its stake in C.H. Robinson Worldwide by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock valued at $1,652,000 after buying an additional 105 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock worth $400,000 after acquiring an additional 131 shares during the period. SkyView Investment Advisors LLC lifted its position in C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after acquiring an additional 144 shares during the last quarter. Finally, Sound Financial Strategies Group LLC boosted its holdings in C.H. Robinson Worldwide by 1.9% during the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company’s stock valued at $867,000 after acquiring an additional 156 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CHRW. Barclays boosted their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Raymond James reduced their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They issued a “buy” rating and a $129.00 price objective on the stock. Bank of America cut their target price on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating for the company in a research note on Friday. Finally, StockNews.com downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.89.

Insiders Place Their Bets

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 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 owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on 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 transaction, the insider now owns 34,586 shares in the company, 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. Over the last quarter, insiders have sold 15,048 shares of company stock valued at $1,513,656. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Down 0.5 %

CHRW opened at $101.13 on Friday. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The firm’s 50-day simple moving average is $100.58 and its 200-day simple moving average is $104.40. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data 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 net margin of 2.63% and a return on equity of 34.53%. Equities research 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. Shareholders of record on Friday, March 7th will be given a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.45%. C.H. Robinson Worldwide’s payout ratio is 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.