National Bank of Canada FI Trims Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

National Bank of Canada FI reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,356 shares of the transportation company’s stock after selling 4,554 shares during the quarter. National Bank of Canada FI’s holdings in C.H. Robinson Worldwide were worth $5,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. National Pension Service purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $25,000. Proficio Capital Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $33,000. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $41,000. Mainstream Capital Management LLC acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Finally, Quarry LP lifted its holdings in C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 171 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide 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 in the company, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $90.94 on Monday. The company has a market cap of $10.75 billion, a P/E ratio of 23.62, a PEG ratio of 1.16 and a beta of 0.86. The firm has a fifty day moving average price of $99.87 and a 200 day moving average price of $104.37. 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 released 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%. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were given a dividend of $0.62 per share. The ex-dividend date was Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.73%. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Truist Financial initiated coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They issued a “buy” rating and a $115.00 target price on the stock. Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a “positive” rating for the company in a research note on Wednesday, March 26th. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Friday, January 31st. TD Cowen lifted their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company decreased their price target on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.89.

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.