JPMorgan Chase & Co. Sells 922,442 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

JPMorgan Chase & Co. cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 65.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 489,449 shares of the transportation company’s stock after selling 922,442 shares during the quarter. JPMorgan Chase & Co.’s holdings in C.H. Robinson Worldwide were worth $50,570,000 at the end of the most recent quarter.

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

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $90.94 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a market cap of $10.75 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. The stock’s fifty day moving average price is $99.87 and its 200-day moving average price is $104.35.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating 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%. On average, equities analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Insider Activity

In related news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at $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 own 1.47% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the topic of a number of research reports. StockNews.com cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Robert W. Baird upped their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th. Wells Fargo & Company dropped 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 report on Thursday, March 27th. Finally, Barclays lifted their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.