C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 30.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,767 shares of the transportation company’s stock after selling 39,242 shares during the quarter. Prudential Financial Inc. owned about 0.08% of C.H. Robinson Worldwide worth $9,481,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Inspire Investing LLC acquired a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $810,000. D.A. Davidson & CO. boosted its position 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 worth $741,000 after buying an additional 443 shares during the period. Northstar Advisory Group LLC bought a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $587,000. JPMorgan Chase & Co. increased its position 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 period. Finally, Y Intercept Hong Kong Ltd bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $211,000. Institutional investors own 93.15% of the company’s stock.

Insider Activity

In other news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. The trade was a 12.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide 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 sale, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,048 shares of company stock worth $1,513,656 in the last 90 days. Company insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Bank of America lowered their price target on C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating on the stock in a report on Friday. Barclays boosted their price target on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. BMO Capital Markets increased their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th. Robert W. Baird boosted their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $118.89.

C.H. Robinson Worldwide Stock Down 0.5 %

Shares of NASDAQ:CHRW opened at $101.13 on Friday. 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 debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The company has a market cap of $12.00 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The firm has a 50 day simple moving average of $100.58 and a 200 day simple moving average of $104.40.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.45%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 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.