C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC decreased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,574 shares of the transportation company’s stock after selling 122 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in C.H. Robinson Worldwide were worth $394,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Citigroup Inc. grew its stake in shares of C.H. Robinson Worldwide by 137.8% in the third 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. Charles Schwab Investment Management Inc. grew its stake in shares of C.H. Robinson Worldwide by 3.7% in the third 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. Integrated Investment Consultants LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth $201,000. Moran Wealth Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth $233,000. Finally, Segall Bryant & Hamill LLC grew its stake in shares of C.H. Robinson Worldwide by 30.0% in the third quarter. Segall Bryant & Hamill LLC now owns 122,324 shares of the transportation company’s stock worth $13,501,000 after acquiring an additional 28,245 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. BMO Capital Markets boosted their target price on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $127.00 in a research note on Tuesday, November 12th. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Finally, Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $107.63.

Insider Activity

In related news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $107.61 on Friday. The company has a 50-day simple moving average of $107.60 and a 200-day simple moving average of $96.89. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $113.10. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 1.26 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.30%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

C.H. Robinson Worldwide 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.