Benedict Financial Advisors Inc. Has $1.36 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Benedict Financial Advisors Inc. decreased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,119 shares of the transportation company’s stock after selling 151 shares during the period. Benedict Financial Advisors Inc.’s holdings in C.H. Robinson Worldwide were worth $1,355,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. grew its stake in shares of C.H. Robinson Worldwide by 0.9% during the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after purchasing an additional 98 shares during the last quarter. Cascade Investment Advisors Inc. lifted its holdings in C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock worth $1,652,000 after buying an additional 105 shares in the last quarter. Venturi Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of C.H. Robinson Worldwide by 3.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock worth $400,000 after acquiring an additional 131 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after acquiring an additional 144 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now owns 70,943 shares in the company, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the 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 directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CHRW shares. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. Robert W. Baird boosted their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Friday, January 31st. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Finally, Barclays increased their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $117.17.

C.H. Robinson Worldwide Stock Down 0.1 %

C.H. Robinson Worldwide stock opened at $96.59 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month 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. The company has a 50 day moving average of $104.67 and a 200-day moving average of $104.21. The stock has a market capitalization of $11.42 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.12 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share 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, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 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.