Cetera Investment Advisers Sells 6,076 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cetera Investment Advisers lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 95,698 shares of the transportation company’s stock after selling 6,076 shares during the period. Cetera Investment Advisers’ holdings in C.H. Robinson Worldwide were worth $9,887,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. National Pension Service bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $25,000. Missouri Trust & Investment Co purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $41,000. Mainstream Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $41,000. Brooklyn Investment Group lifted its position in shares of C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 316 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $52,000. Institutional investors own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the 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 directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents a 12.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41% 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CHRW. Jefferies Financial Group lowered their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Friday, January 31st. StockNews.com downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Bank of America decreased their target price on C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, Benchmark reiterated a “buy” rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.38.

C.H. Robinson Worldwide Trading Down 0.7%

Shares of NASDAQ CHRW opened at $88.97 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The business’s 50 day moving average is $94.32 and its two-hundred day moving average is $100.96. C.H. Robinson Worldwide, Inc. has a 1-year low of $81.39 and a 1-year high of $114.82. The stock has a market capitalization of $10.56 billion, a P/E ratio of 23.11, a PEG ratio of 1.16 and a beta of 0.92.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

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.