Saratoga Research & Investment Management Sells 42,011 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Saratoga Research & Investment Management cut its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 474,895 shares of the transportation company’s stock after selling 42,011 shares during the period. C.H. Robinson Worldwide comprises about 2.5% of Saratoga Research & Investment Management’s investment portfolio, making the stock its 17th biggest position. Saratoga Research & Investment Management owned approximately 0.40% of C.H. Robinson Worldwide worth $49,066,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. National Pension Service bought a new position in C.H. Robinson Worldwide in the 4th quarter worth $25,000. Proficio Capital Partners LLC bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $33,000. Missouri Trust & Investment Co purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at $41,000. Mainstream Capital Management LLC bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $41,000. Finally, Quarry LP lifted its stake in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.5 %

NASDAQ:CHRW opened at $101.13 on Monday. The company has a market cap of $11.96 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. 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 current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $100.58 and a 200-day simple moving average of $104.43.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating 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%. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a $0.62 dividend. 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 currently 64.42%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CHRW shares. Bank of America reduced their target price on C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating on the stock in a report on Friday. Stephens reaffirmed an “equal weight” rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Truist Financial initiated coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They set a “buy” rating and a $115.00 target price for the company. Benchmark restated a “buy” rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Finally, Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $118.89.

Insiders Place Their Bets

In related news, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. This trade represents a 12.67 % 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 ninety days. 1.47% of the stock is owned by company insiders.

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.