Vest Financial LLC Reduces Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vest Financial LLC trimmed its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 531,814 shares of the transportation company’s stock after selling 13,098 shares during the period. Vest Financial LLC’s holdings in C.H. Robinson Worldwide were worth $54,947,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $810,000. D.A. Davidson & CO. grew its position in shares of C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after purchasing an additional 443 shares in the last quarter. Chesapeake Capital Corp IL purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $835,000. Northstar Advisory Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $587,000. Finally, JPMorgan Chase & Co. lifted 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 worth $155,830,000 after buying an additional 36,769 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $96.59 on Friday. The business’s fifty day moving average price is $104.67 and its 200 day moving average price is $104.12. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $11.42 billion, a PE ratio of 25.09, a P/E/G ratio of 1.15 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.81 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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 given a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.57%. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the 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 sale, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction 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 business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of several analyst reports. Susquehanna dropped their target price on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a report on Thursday, January 30th. The Goldman Sachs Group raised their price objective 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. Citigroup reduced their target price on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Stephens reissued an “equal weight” rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Finally, Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $118.00 to $130.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $117.17.

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.