C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Studio Investment Management LLC

Studio Investment Management LLC decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,185 shares of the transportation company’s stock after selling 718 shares during the period. Studio Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,352,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Citigroup Inc. boosted its stake in shares of C.H. Robinson Worldwide by 137.8% during the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock valued at $47,573,000 after acquiring an additional 249,774 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of C.H. Robinson Worldwide by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock valued at $436,648,000 after acquiring an additional 142,116 shares during the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at $201,000. Moran Wealth Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at $233,000. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of C.H. Robinson Worldwide by 30.0% during the third quarter. Segall Bryant & Hamill LLC now owns 122,324 shares of the transportation company’s stock valued at $13,501,000 after acquiring an additional 28,245 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price target for the stock from $110.00 to $127.00 in a research note on Tuesday, November 12th. Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Barclays raised their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Robert W. Baird raised their price target on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Susquehanna cut their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $107.63.

C.H. Robinson Worldwide Trading Down 0.3 %

NASDAQ:CHRW opened at $108.70 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $113.10. The firm has a market capitalization of $12.85 billion, a P/E ratio of 37.61, a P/E/G ratio of 1.26 and a beta of 0.84. 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 business has a 50 day simple moving average of $107.45 and a 200 day simple moving average of $96.69.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.84 EPS. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm 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 dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.47% of the stock is owned by company insiders.

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.