Richwood Investment Advisors LLC Lowers Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Richwood Investment Advisors LLC cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 19.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,038 shares of the transportation company’s stock after selling 500 shares during the period. Richwood Investment Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $211,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 2.4% in the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock worth $443,000 after purchasing an additional 102 shares in the last quarter. Cascade Investment Advisors Inc. lifted its holdings in C.H. Robinson Worldwide by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock worth $1,652,000 after purchasing an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock worth $400,000 after purchasing an additional 131 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 2.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after purchasing an additional 144 shares in the last quarter. Finally, Sound Financial Strategies Group LLC lifted its holdings in C.H. Robinson Worldwide by 1.9% in the 4th quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company’s stock worth $867,000 after purchasing an additional 156 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction on 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 approximately $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,048 shares of company stock worth $1,513,656. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $99.95 on Friday. 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 business’s fifty day simple moving average is $100.79 and its two-hundred day simple moving average is $104.42. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released 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 return on equity of 34.53% and a net margin of 2.63%. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.48%. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CHRW shares. Susquehanna lowered their target price on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. Barclays increased their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. Stephens reiterated an “equal weight” rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. StockNews.com downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Citigroup lowered their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $117.65.

About C.H. Robinson Worldwide

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.