Steward Partners Investment Advisory LLC Lowers Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Steward Partners Investment Advisory LLC decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 24.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,083 shares of the transportation company’s stock after selling 345 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in C.H. Robinson Worldwide were worth $112,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CHRW. Van ECK Associates Corp boosted its stake in shares of C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after acquiring an additional 3,004,338 shares in the last quarter. FMR LLC boosted its stake in shares of C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock worth $282,303,000 after acquiring an additional 2,449,367 shares in the last quarter. Citigroup Inc. boosted its stake in shares of C.H. Robinson Worldwide by 137.8% during the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock worth $47,573,000 after acquiring an additional 249,774 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of C.H. Robinson Worldwide by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock worth $155,149,000 after acquiring an additional 153,654 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of C.H. Robinson Worldwide by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock worth $436,648,000 after acquiring an additional 142,116 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on 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 in the company, valued at approximately $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 accessible through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction 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 sale, 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. Insiders sold a total of 15,048 shares of company stock worth $1,513,656 in the last ninety days. Insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CHRW. Stifel Nicolaus raised 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. BMO Capital Markets lifted their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Friday, December 13th. Benchmark restated a “buy” rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Citigroup cut their price objective on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $117.65.

C.H. Robinson Worldwide Trading Up 2.1 %

Shares of C.H. Robinson Worldwide stock opened at $98.38 on Monday. The firm has a market cap of $11.68 billion, a PE ratio of 25.55, a P/E/G ratio of 1.16 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average is $101.13 and its two-hundred day moving average is $104.55. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week 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, 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%. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.52%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

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.