ProShare Advisors LLC Cuts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

ProShare Advisors LLC lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,775,078 shares of the transportation company’s stock after selling 199,585 shares during the period. ProShare Advisors LLC owned about 1.50% of C.H. Robinson Worldwide worth $183,401,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Pension Service acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth about $25,000. Proficio Capital Partners LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth about $33,000. Missouri Trust & Investment Co acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth about $41,000. Mainstream Capital Management LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth about $41,000. Finally, Brooklyn Investment Group boosted its position in C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after acquiring an additional 316 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Friday, January 31st. UBS Group lowered their price target on shares of C.H. Robinson Worldwide from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. decreased their target price on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Finally, Citigroup decreased their target price on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.38.

C.H. Robinson Worldwide Trading Up 1.8%

Shares of NASDAQ:CHRW opened at $98.03 on Thursday. C.H. Robinson Worldwide, Inc. has a 52 week low of $81.39 and a 52 week high of $114.82. The company’s 50 day moving average is $94.16 and its two-hundred day moving average is $100.82. 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 company has a market cap of $11.64 billion, a PE ratio of 25.46, a P/E/G ratio of 1.16 and a beta of 0.92.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The company 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 firm posted $0.86 EPS. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities analysts predict 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. Investors of record on Friday, June 6th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 59.33%.

Insider Activity at C.H. Robinson Worldwide

In related news, 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 transaction, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This trade represents a 12.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41% 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.

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.