Envestnet Portfolio Solutions Inc. Sells 2,717 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,854 shares of the transportation company’s stock after selling 2,717 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in C.H. Robinson Worldwide were worth $1,535,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in C.H. Robinson Worldwide by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock valued at $428,554,000 after purchasing an additional 191,611 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company’s stock valued at $341,555,000 after buying an additional 42,189 shares in the last quarter. Van ECK Associates Corp lifted its position in C.H. Robinson Worldwide by 92,841.1% in the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after buying an additional 3,004,338 shares during the last quarter. FMR LLC boosted its stake in C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock worth $282,303,000 after buying an additional 2,449,367 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in 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 acquiring an additional 36,769 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock valued at $1,513,656 in the last ninety days. 1.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CHRW shares. Barclays boosted their price objective 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. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. StockNews.com downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Stephens reissued an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Finally, Citigroup reduced their price target on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.65.

C.H. Robinson Worldwide Stock Up 0.7 %

Shares of NASDAQ:CHRW opened at $99.95 on Friday. The firm has a market capitalization of $11.86 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The stock has a 50 day moving average price of $100.79 and a 200-day moving average price of $104.42. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates 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%. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.48%. C.H. Robinson Worldwide’s payout ratio 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.