Candriam S.C.A. Sells 93,617 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Candriam S.C.A. reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 83.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,610 shares of the transportation company's stock after selling 93,617 shares during the quarter. Candriam S.C.A.'s holdings in C.H. Robinson Worldwide were worth $1,923,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in C.H. Robinson Worldwide by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company's stock valued at $428,554,000 after buying an additional 191,611 shares during the last quarter. Geode Capital Management LLC boosted its stake in C.H. Robinson Worldwide by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company's stock worth $341,555,000 after purchasing an additional 42,189 shares during the period. Van ECK Associates Corp raised its holdings in shares of C.H. Robinson Worldwide by 92,841.1% in the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after acquiring an additional 3,004,338 shares in the last quarter. FMR LLC raised its holdings in shares of C.H. Robinson Worldwide by 2,259.1% in the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock valued at $282,303,000 after acquiring an additional 2,449,367 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock valued at $155,830,000 after acquiring an additional 36,769 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares of the company's stock, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,048 shares of company stock valued at $1,513,656. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded up $0.14 during mid-day trading on Thursday, hitting $96.32. 1,164,802 shares of the company traded hands, compared to its average volume of 1,376,225. The stock's fifty day moving average price is $101.38 and its 200-day moving average price is $104.63. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping 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%. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide's payout ratio is presently 64.42%.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of analyst reports. Stifel Nicolaus raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target on the stock in a research note on Friday, January 31st. Stephens restated an "equal weight" rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a "hold" rating in a research note on Friday, December 13th. JPMorgan Chase & Co. lowered their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, Raymond James lowered their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.