C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 29.8% during the third quarter, HoldingsChannel reports. The firm owned 3,967 shares of the transportation company’s stock after selling 1,684 shares during the quarter. Advisors Asset Management Inc.’s holdings in C.H. Robinson Worldwide were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Segall Bryant & Hamill LLC raised its stake in C.H. Robinson Worldwide by 30.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 122,324 shares of the transportation company’s stock worth $13,501,000 after acquiring an additional 28,245 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of C.H. Robinson Worldwide by 204.3% in the third quarter. Avior Wealth Management LLC now owns 773 shares of the transportation company’s stock worth $85,000 after purchasing an additional 519 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $987,000. Banque Cantonale Vaudoise purchased a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $1,164,000. Finally, Pathstone Holdings LLC increased its holdings in C.H. Robinson Worldwide by 54.1% in the 3rd quarter. Pathstone Holdings LLC now owns 23,736 shares of the transportation company’s stock worth $2,622,000 after buying an additional 8,334 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now owns 70,943 shares in the company, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.18% of the company’s stock.

C.H. Robinson Worldwide Trading Down 1.0 %

CHRW stock opened at $105.25 on Thursday. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $113.10. The business’s 50-day moving average is $107.87 and its 200 day moving average is $97.48. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 1.23 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.12 by $0.16. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 85.81%.

Analysts Set New Price Targets

CHRW has been the topic of several recent research reports. Robert W. Baird upped their price objective on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. TD Cowen increased their price target on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Benchmark lifted their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $87.00 to $110.00 in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $107.63.

C.H. Robinson Worldwide Company 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.