Harel Insurance Investments & Financial Services Ltd. Cuts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Harel Insurance Investments & Financial Services Ltd. lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 961 shares of the transportation company’s stock after selling 215 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in C.H. Robinson Worldwide were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. D.A. Davidson & CO. grew its holdings in shares of C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after buying an additional 443 shares during the last quarter. Chesapeake Capital Corp IL bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $835,000. Northstar Advisory Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth $587,000. JPMorgan Chase & Co. lifted its holdings in shares of C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after purchasing an additional 36,769 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at $543,000. Institutional investors own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

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 value of $1,143,526.96. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.1 %

CHRW stock opened at $108.16 on Friday. The firm has a fifty day moving average price of $105.88 and a 200 day moving average price of $103.27. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The firm has a market cap of $12.79 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.39 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CHRW. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $118.00 to $130.00 in a research note on Monday, December 9th. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Citigroup raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 13th. Barclays increased their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Finally, Evercore ISI raised their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $114.71.

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.