Townsquare Capital LLC Trims Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Townsquare Capital LLC trimmed its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,576 shares of the transportation company’s stock after selling 762 shares during the period. Townsquare Capital LLC’s holdings in C.H. Robinson Worldwide were worth $3,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of CHRW. Parallel Advisors LLC boosted its holdings in shares of C.H. Robinson Worldwide by 2.4% in 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 period. Cascade Investment Advisors Inc. grew its position in shares of C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock worth $1,652,000 after buying an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of C.H. Robinson Worldwide by 3.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock valued at $400,000 after buying an additional 131 shares during the period. SkyView Investment Advisors LLC lifted its stake in C.H. Robinson Worldwide by 2.3% in the third 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 period. Finally, Sound Financial Strategies Group LLC grew its holdings in C.H. Robinson Worldwide by 1.9% during the 4th quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company’s stock worth $867,000 after acquiring an additional 156 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $92.37 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The business has a fifty day moving average of $97.86 and a 200 day moving average of $103.45. The firm has a market capitalization of $10.92 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. 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 released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping 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, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 64.42%.

Analysts Set New Price Targets

Several research firms have recently commented on CHRW. Truist Financial started coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a “buy” rating and a $115.00 price target for the company. Bank of America lowered their target price on C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating for the company in a report on Friday, March 28th. Citigroup cut their price target on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a “buy” rating and a $129.00 price objective on the stock. Finally, Jefferies Financial Group reduced their target price on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $117.20.

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.