National Bank of Canada FI Trims Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

National Bank of Canada FI trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,356 shares of the transportation company’s stock after selling 4,554 shares during the quarter. National Bank of Canada FI’s holdings in C.H. Robinson Worldwide were worth $5,719,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. boosted its stake in shares of C.H. Robinson Worldwide by 5.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,910,660 shares of the transportation company’s stock valued at $197,409,000 after purchasing an additional 101,668 shares in the last quarter. Wellington Management Group LLP boosted its position in C.H. Robinson Worldwide by 25.7% during the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock valued at $299,582,000 after acquiring an additional 593,211 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 12.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,985 shares of the transportation company’s stock valued at $1,445,000 after acquiring an additional 1,496 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth $377,000. Finally, Allstate Corp bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $354,000. Institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction dated 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 directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of recent research reports. Citigroup reduced their target price on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 3rd. BMO Capital Markets raised their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. reduced their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Stephens restated an “equal weight” rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Finally, Susquehanna decreased their price target on C.H. Robinson Worldwide from $127.00 to $117.00 and set a “positive” rating for the company in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.89.

C.H. Robinson Worldwide Stock Down 4.0 %

Shares of CHRW stock opened at $90.94 on Monday. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The stock has a market cap of $10.75 billion, a P/E ratio of 23.62, a P/E/G ratio of 1.16 and a beta of 0.86. The stock has a 50 day moving average of $99.87 and a 200 day moving average of $104.37. The company has a current ratio of 1.28, a quick ratio of 1.49 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 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%. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio 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.