C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Mather Group LLC.

Mather Group LLC. cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,896 shares of the transportation company’s stock after selling 15,018 shares during the quarter. Mather Group LLC.’s holdings in C.H. Robinson Worldwide were worth $13,731,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Inspire Investing LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $810,000. D.A. Davidson & CO. lifted its stake 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 period. Chesapeake Capital Corp IL acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $835,000. Northstar Advisory Group LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $587,000. Finally, JPMorgan Chase & Co. raised its holdings in C.H. Robinson Worldwide by 2.7% in the 3rd 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. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide 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 completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the company’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 sale, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CHRW shares. TD Cowen lifted their price objective on 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. Raymond James lowered their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Benchmark reiterated a “buy” rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday. Stephens restated an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and an average target price of $117.17.

C.H. Robinson Worldwide Stock Down 1.4 %

Shares of NASDAQ:CHRW opened at $98.10 on Tuesday. The company has a market capitalization of $11.60 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. The company has a 50 day moving average of $105.33 and a two-hundred day moving average of $104.10. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.81 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

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.