C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,324 shares of the transportation company’s stock after selling 1,508 shares during the period. C.H. Robinson Worldwide comprises about 2.1% of Brendel Financial Advisors LLC’s portfolio, making the stock its 15th largest holding. Brendel Financial Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $3,546,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its stake in C.H. Robinson Worldwide by 83.5% during 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 last quarter. Quarry LP increased its stake in 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 during the last quarter. Eastern Bank bought a new position in shares of C.H. Robinson Worldwide during the third quarter worth about $54,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of C.H. Robinson Worldwide during the third quarter worth about $55,000. Finally, Peoples Bank KS bought a new position in shares of C.H. Robinson Worldwide during the third quarter worth about $66,000. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CHRW shares. Evercore ISI upped their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. BMO Capital Markets upped their price target on shares of 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. The Goldman Sachs Group upped their price target on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. Finally, Stifel Nicolaus upped their price objective on shares of C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $114.35.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $102.84 on Wednesday. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 1.25 and a beta of 0.83. The firm has a 50-day moving average of $106.63 and a two-hundred day moving average of $102.26.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data 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 company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 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.