Kestra Private Wealth Services LLC Lowers Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Kestra Private Wealth Services LLC cut its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.4% in the 4th quarter, Holdings Channel reports. The fund owned 22,160 shares of the transportation company’s stock after selling 304 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in C.H. Robinson Worldwide were worth $2,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CHRW. QRG Capital Management Inc. lifted its stake in shares of C.H. Robinson Worldwide by 0.9% in the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock worth $1,230,000 after acquiring an additional 98 shares during the period. Cascade Investment Advisors Inc. raised its holdings in C.H. Robinson Worldwide by 0.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock worth $1,652,000 after purchasing an additional 105 shares in the last quarter. Venturi Wealth Management LLC lifted its position in C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 131 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its position in C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after purchasing an additional 144 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $118.00 to $130.00 in a report on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Raymond James cut their price target on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Finally, Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $117.17.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $99.74 on Wednesday. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.12 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company’s 50 day simple moving average is $104.38 and its 200 day simple moving average is $104.45.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.49%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

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.