HighTower Advisors LLC Trims Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

HighTower Advisors LLC trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,307 shares of the transportation company’s stock after selling 4,912 shares during the quarter. HighTower Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $5,117,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CHRW. QRG Capital Management Inc. lifted its holdings in C.H. Robinson Worldwide by 0.9% during the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after buying an additional 98 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in shares of C.H. Robinson Worldwide by 13.6% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 120 shares during the period. Portside Wealth Group LLC grew its stake in C.H. Robinson Worldwide by 2.6% in the third quarter. Portside Wealth Group LLC now owns 8,578 shares of the transportation company’s stock worth $947,000 after purchasing an additional 221 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in C.H. Robinson Worldwide by 0.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 24,492 shares of the transportation company’s stock worth $2,126,000 after purchasing an additional 229 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TD Cowen upped their target price on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. BMO Capital Markets upped their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Barclays upped their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $118.00 to $130.00 in a report on Monday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $109.13.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $109.21 on Wednesday. The company has a market cap of $12.91 billion, a P/E ratio of 37.79, a price-to-earnings-growth ratio of 1.21 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $107.81 and its 200-day moving average price is $99.06. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. C.H. Robinson Worldwide’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.27%. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

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.