Lifeworks Advisors LLC Sells 946 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Lifeworks Advisors LLC decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 24.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,851 shares of the transportation company’s stock after selling 946 shares during the quarter. Lifeworks Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 0.9% in the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock worth $1,230,000 after purchasing an additional 98 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of C.H. Robinson Worldwide by 13.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock worth $110,000 after purchasing an additional 120 shares during the period. Quent Capital LLC boosted its holdings in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares during the period. Finally, Redwood Investment Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 0.6% in the 1st quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock worth $2,143,000 after purchasing an additional 165 shares during the period. Institutional investors own 93.15% of the company’s stock.

Insider Transactions 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 completion of the transaction, the insider now directly 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Susquehanna dropped their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $127.00 in a report on Tuesday. BMO Capital Markets boosted their price objective on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Benchmark boosted their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus target price of $107.63.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $111.48 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 38.57, a P/E/G ratio of 1.29 and a beta of 0.84. The stock has a fifty day simple moving average of $106.56 and a two-hundred day simple moving average of $95.51. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released 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 analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 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.