Bank of Nova Scotia Sells 18,730 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Bank of Nova Scotia trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 49.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,158 shares of the transportation company's stock after selling 18,730 shares during the period. Bank of Nova Scotia's holdings in C.H. Robinson Worldwide were worth $1,979,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. National Pension Service bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $25,000. Proficio Capital Partners LLC purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $33,000. Missouri Trust & Investment Co purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth about $41,000. Mainstream Capital Management LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $41,000. Finally, Brooklyn Investment Group increased its position in C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock worth $48,000 after purchasing an additional 316 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction dated 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 directly owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the 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 transaction, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

Remove Ads

C.H. Robinson Worldwide Stock Down 0.9 %

CHRW stock traded down $0.81 during trading on Tuesday, reaching $91.56. The stock had a trading volume of 1,039,080 shares, compared to its average volume of 1,416,007. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The company has a market capitalization of $10.82 billion, a P/E ratio of 23.78, a PEG ratio of 1.16 and a beta of 0.86. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average price of $97.76 and a 200 day moving average price of $103.37.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.71%. C.H. Robinson Worldwide's payout ratio is 64.42%.

Analyst Ratings Changes

CHRW has been the topic of several analyst reports. Bank of America reduced their price objective on C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Stephens restated an "equal weight" rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Benchmark reiterated a "buy" rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Wells Fargo & Company decreased their price target on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Barclays lifted their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.20.

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.