IMPACTfolio LLC Sells 547 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

IMPACTfolio LLC reduced its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 22.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,937 shares of the transportation company’s stock after selling 547 shares during the quarter. IMPACTfolio LLC’s holdings in C.H. Robinson Worldwide were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHRW. Vanguard Group Inc. raised its stake in C.H. Robinson Worldwide by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after buying an additional 177,119 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after purchasing an additional 2,003,158 shares during the last quarter. Van ECK Associates Corp boosted its stake in C.H. Robinson Worldwide by 13,682.5% in the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after purchasing an additional 2,643,193 shares in the last quarter. ProShare Advisors LLC grew its position in C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock valued at $222,837,000 after purchasing an additional 526,872 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in C.H. Robinson Worldwide by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock valued at $151,689,000 after purchasing an additional 68,491 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 1.3 %

CHRW opened at $108.40 on Thursday. The stock has a 50-day moving average of $100.93 and a 200 day moving average of $87.90. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $110.51. The firm has a market cap of $12.69 billion, a P/E ratio of 42.85, a P/E/G ratio of 2.15 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company earned $0.90 EPS. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a dividend of $0.62 per share. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.29%. C.H. Robinson Worldwide’s payout ratio is 98.02%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. StockNews.com raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Evercore ISI upgraded shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $82.00 to $99.00 in a report on Tuesday, June 25th. Robert W. Baird upped their price objective on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Benchmark raised their target price on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $95.33.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the sale, the insider now owns 70,943 shares in the company, valued at approximately $6,979,372.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.47% of the company’s stock.

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.