Cerity Partners LLC Sells 3,581 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cerity Partners LLC cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,273 shares of the transportation company's stock after selling 3,581 shares during the period. Cerity Partners LLC's holdings in C.H. Robinson Worldwide were worth $2,059,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CHRW. FMR LLC raised its stake in C.H. Robinson Worldwide by 11.1% during the 4th quarter. FMR LLC now owns 2,842,962 shares of the transportation company's stock valued at $293,735,000 after purchasing an additional 285,171 shares during the period. Federated Hermes Inc. raised its position in C.H. Robinson Worldwide by 11,722.0% during the fourth quarter. Federated Hermes Inc. now owns 38,658 shares of the transportation company's stock valued at $3,994,000 after buying an additional 38,331 shares during the period. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at $685,000. Sit Investment Associates Inc. lifted its stake in C.H. Robinson Worldwide by 27.4% in the 4th quarter. Sit Investment Associates Inc. now owns 87,145 shares of the transportation company's stock worth $9,004,000 after acquiring an additional 18,749 shares in the last quarter. Finally, Aviva PLC boosted its position in C.H. Robinson Worldwide by 1,520.9% during the 4th quarter. Aviva PLC now owns 70,639 shares of the transportation company's stock worth $7,298,000 after acquiring an additional 66,281 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CHRW shares. Truist Financial began coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a "buy" rating and a $115.00 price objective on the stock. Wells Fargo & Company cut their price objective 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. JPMorgan Chase & Co. lowered their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Jefferies Financial Group cut their price target on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Finally, Benchmark reiterated a "buy" rating and set a $125.00 price target on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $117.20.

C.H. Robinson Worldwide Stock Performance

CHRW traded down $1.87 during midday trading on Monday, reaching $89.27. The company's stock had a trading volume of 926,815 shares, compared to its average volume of 1,404,910. 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 company has a fifty day simple moving average of $97.13 and a 200 day simple moving average of $102.84. The stock has a market cap of $10.55 billion, a P/E ratio of 23.19, a PEG ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a twelve month low of $69.66 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed 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. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is currently 64.42%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by corporate 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.