Avantax Planning Partners Inc. Has $9.96 Million Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Avantax Planning Partners Inc. cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,372 shares of the transportation company's stock after selling 3,948 shares during the period. Avantax Planning Partners Inc. owned 0.08% of C.H. Robinson Worldwide worth $9,957,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Independent Advisor Alliance increased its holdings in shares of C.H. Robinson Worldwide by 3.3% during the fourth quarter. Independent Advisor Alliance now owns 5,596 shares of the transportation company's stock valued at $578,000 after purchasing an additional 180 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of C.H. Robinson Worldwide by 7.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 15,552 shares of the transportation company's stock valued at $1,607,000 after purchasing an additional 1,138 shares during the period. Moran Wealth Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 19.8% during the fourth quarter. Moran Wealth Management LLC now owns 2,526 shares of the transportation company's stock valued at $261,000 after purchasing an additional 417 shares during the period. Amundi increased its holdings in shares of C.H. Robinson Worldwide by 34.5% during the fourth quarter. Amundi now owns 654,547 shares of the transportation company's stock valued at $67,818,000 after purchasing an additional 168,025 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in C.H. Robinson Worldwide by 1.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 43,660 shares of the transportation company's stock worth $4,511,000 after acquiring an additional 438 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In related news, insider Angela K. Freeman sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock worth $1,513,656 in the last three months. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Up 2.1 %

Shares of C.H. Robinson Worldwide stock traded up $2.06 during trading on Friday, hitting $98.38. 1,231,229 shares of the stock traded hands, compared to its average volume of 1,373,851. The stock has a market cap of $11.68 billion, a P/E ratio of 25.55, a PEG ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The company has a fifty day moving average price of $101.13 and a two-hundred day moving average price of $104.54.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 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 Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.52%. C.H. Robinson Worldwide's dividend payout ratio is 64.42%.

Wall Street Analyst Weigh In

Several brokerages have commented on CHRW. StockNews.com cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Bank of America dropped their price target on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Robert W. Baird boosted their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of C.H. Robinson Worldwide in a research report on Friday, March 7th. They issued a "buy" rating and a $129.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.65.

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.