Investment Management Corp of Ontario Cuts Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Investment Management Corp of Ontario trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 15.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,291 shares of the transportation company’s stock after selling 600 shares during the period. Investment Management Corp of Ontario’s holdings in C.H. Robinson Worldwide were worth $340,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Franklin Resources Inc. grew its holdings in shares of C.H. Robinson Worldwide by 59.6% in the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock worth $8,074,000 after acquiring an additional 27,370 shares during the period. Czech National Bank grew its holdings in shares of C.H. Robinson Worldwide by 7.3% in the 4th quarter. Czech National Bank now owns 25,630 shares of the transportation company’s stock worth $2,648,000 after acquiring an additional 1,739 shares during the period. Matrix Trust Co grew its holdings in shares of C.H. Robinson Worldwide by 593.2% in the 4th quarter. Matrix Trust Co now owns 922 shares of the transportation company’s stock worth $95,000 after acquiring an additional 789 shares during the period. Oak Thistle LLC grew its holdings in shares of C.H. Robinson Worldwide by 243.7% in the 4th quarter. Oak Thistle LLC now owns 8,795 shares of the transportation company’s stock worth $909,000 after acquiring an additional 6,236 shares during the period. Finally, USA Financial Formulas grew its holdings in C.H. Robinson Worldwide by 7.5% during the 4th quarter. USA Financial Formulas now owns 2,541 shares of the transportation company’s stock valued at $263,000 after buying an additional 177 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHRW has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, April 11th. Wells Fargo & Company lowered their target price on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Barclays lowered their target price on C.H. Robinson Worldwide from $100.00 to $90.00 and set an “underweight” rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. lowered their price objective on C.H. Robinson Worldwide from $126.00 to $118.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Finally, Raymond James reduced their target price on C.H. Robinson Worldwide from $118.00 to $111.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $114.38.

C.H. Robinson Worldwide Stock Up 0.3%

Shares of C.H. Robinson Worldwide stock opened at $96.28 on Wednesday. C.H. Robinson Worldwide, Inc. has a twelve month low of $81.39 and a twelve month high of $114.82. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. 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 company has a fifty day moving average price of $94.25 and a 200 day moving average price of $100.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide’s payout ratio is 59.33%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred 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 sale, the insider now owns 34,586 shares in the company, valued at $3,444,765.60. This trade represents a 12.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This represents 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.

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.