C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Shares Sold by Manning & Napier Group LLC

Manning & Napier Group LLC reduced its position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,850 shares of the transportation company’s stock after selling 1,435 shares during the quarter. Manning & Napier Group LLC owned about 0.05% of C.H. Robinson Worldwide worth $6,260,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP raised its stake in shares of C.H. Robinson Worldwide by 16.7% during the first quarter. First Trust Advisors LP now owns 458,604 shares of the transportation company’s stock worth $39,894,000 after purchasing an additional 65,788 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth approximately $121,000. SRB Corp raised its stake in shares of C.H. Robinson Worldwide by 27.0% during the first quarter. SRB Corp now owns 7,987 shares of the transportation company’s stock worth $694,000 after purchasing an additional 1,699 shares during the last quarter. Fort L.P. raised its stake in shares of C.H. Robinson Worldwide by 33.3% during the first quarter. Fort L.P. now owns 23,867 shares of the transportation company’s stock worth $2,076,000 after purchasing an additional 5,959 shares during the last quarter. Finally, Thor Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth approximately $70,000. 90.80% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on CHRW shares. Morgan Stanley set a $65.00 price target on C.H. Robinson Worldwide and gave the stock a “sell” rating in a research note on Monday, July 8th. BidaskClub cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Barclays restated a “hold” rating and set a $95.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 3rd. Finally, Citigroup cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price target for the company. in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $88.89.

NASDAQ:CHRW opened at $85.25 on Friday. The stock has a fifty day moving average price of $84.10 and a two-hundred day moving average price of $84.17. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.95 and a beta of 0.65. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.81 and a current ratio of 1.81. C.H. Robinson Worldwide Inc has a 1 year low of $77.72 and a 1 year high of $94.63.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $4.02 billion. C.H. Robinson Worldwide had a return on equity of 42.88% and a net margin of 4.31%. C.H. Robinson Worldwide’s revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 earnings per share. On average, analysts predict that C.H. Robinson Worldwide Inc will post 4.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.35%. The ex-dividend date was Thursday, September 5th. C.H. Robinson Worldwide’s payout ratio is 42.28%.

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 16,356 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $84.88, for a total value of $1,388,297.28. Following the completion of the transaction, the insider now owns 47,594 shares in the company, valued at $4,039,778.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Wiehoff sold 8,392 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $85.93, for a total value of $721,124.56. Following the completion of the transaction, the insider now owns 34,499 shares of the company’s stock, valued at approximately $2,964,499.07. The disclosure for this sale can be found here. Insiders sold 45,173 shares of company stock valued at $3,825,122 in the last quarter. 1.65% of the stock is currently owned by company insiders.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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