C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,969 shares of the transportation company’s stock after selling 800 shares during the period. Janus Henderson Group PLC’s holdings in C.H. Robinson Worldwide were worth $1,873,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. QRG Capital Management Inc. boosted its stake in shares of C.H. Robinson Worldwide by 0.9% during the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock worth $1,230,000 after buying an additional 98 shares during the period. Venturi Wealth Management LLC boosted 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 worth $27,000 after buying an additional 111 shares during the period. Central Pacific Bank Trust Division boosted its stake in shares of C.H. Robinson Worldwide by 13.6% during the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock worth $110,000 after buying an additional 120 shares during the period. Portside Wealth Group LLC boosted its stake in shares of C.H. Robinson Worldwide by 2.6% during the third quarter. Portside Wealth Group LLC now owns 8,578 shares of the transportation company’s stock worth $947,000 after buying an additional 221 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in C.H. Robinson Worldwide by 0.9% in the second quarter. Farther Finance Advisors LLC now owns 24,492 shares of the transportation company’s stock valued at $2,126,000 after purchasing an additional 229 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CHRW. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Evercore ISI raised their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Susquehanna reduced their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $109.13.

C.H. Robinson Worldwide Trading Up 4.5 %

Shares of CHRW opened at $114.06 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a 50 day simple moving average of $108.00 and a 200-day simple moving average of $99.24. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.68. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 39.47, a price-to-earnings-growth ratio of 1.21 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its 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 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.17%. C.H. Robinson Worldwide’s 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.