C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,399,601 shares of the transportation company’s stock after selling 6,117 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.18% of C.H. Robinson Worldwide worth $144,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after purchasing an additional 3,004,338 shares during the period. Norges Bank acquired a new stake in C.H. Robinson Worldwide during the fourth quarter valued at $134,833,000. Raymond James Financial Inc. acquired a new stake in C.H. Robinson Worldwide during the fourth quarter valued at $102,174,000. First Trust Advisors LP increased its holdings in C.H. Robinson Worldwide by 163.6% in the fourth quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company’s stock valued at $124,625,000 after buying an additional 748,661 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of C.H. Robinson Worldwide by 25.7% in the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock worth $299,582,000 after acquiring an additional 593,211 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the transaction, the insider now directly owns 71,441 shares in the company, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Trading Down 0.8%

Shares of CHRW opened at $95.75 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $82.16 and a 12-month high of $114.82. The firm has a market capitalization of $11.37 billion, a P/E ratio of 24.87, a P/E/G ratio of 1.16 and a beta of 0.92. The firm has a 50-day moving average price of $94.10 and a 200 day moving average price of $100.48. 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 posted its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. C.H. Robinson Worldwide’s revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.59%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 59.33%.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of analyst reports. Susquehanna dropped their target price on C.H. Robinson Worldwide from $117.00 to $115.00 and set a “positive” rating on the stock in a research report on Thursday, May 1st. Jefferies Financial Group cut their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Bank of America upped their target price on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Wells Fargo & Company dropped their price target on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, Benchmark restated a “buy” rating and set a $125.00 price objective 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 issued a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $114.29.

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.