C.H. Robinson Worldwide, Inc. $CHRW Stock Holdings Lessened by Vest Financial LLC

Vest Financial LLC cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 9.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 531,473 shares of the transportation company’s stock after selling 58,012 shares during the period. C.H. Robinson Worldwide comprises approximately 0.9% of Vest Financial LLC’s holdings, making the stock its 15th biggest position. Vest Financial LLC owned 0.45% of C.H. Robinson Worldwide worth $70,367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $118,976,000. Boston Partners lifted its stake in C.H. Robinson Worldwide by 53.0% in the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after buying an additional 1,218,968 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in C.H. Robinson Worldwide by 78.3% in the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock valued at $193,219,000 after buying an additional 884,160 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of C.H. Robinson Worldwide by 119.6% during the second quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock worth $76,169,000 after acquiring an additional 432,406 shares during the last quarter. Finally, State Street Corp grew its position in shares of C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after acquiring an additional 397,177 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Buying and Selling

In other news, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 45,266 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the transaction, the insider directly owned 34,046 shares in the company, valued at $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 98,770 shares of company stock valued at $14,937,201. Corporate insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $175.10 on Wednesday. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $178.13. The firm has a 50-day moving average of $161.63 and a two-hundred day moving average of $137.35. The firm has a market capitalization of $20.69 billion, a PE ratio of 35.52, a P/E/G ratio of 1.91 and a beta of 0.91. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were issued a dividend of $0.63 per share. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.12%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group boosted their target price on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $155.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Stephens set a $173.00 price target on C.H. Robinson Worldwide in a research report on Thursday, October 30th. The Goldman Sachs Group reissued a “neutral” rating and issued a $149.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. Finally, TD Cowen raised their target price on C.H. Robinson Worldwide from $138.00 to $165.00 and gave the company a “hold” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.65.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.