Clarkston Capital Partners LLC Cuts Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Clarkston Capital Partners LLC cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,071,852 shares of the transportation company's stock after selling 70,724 shares during the quarter. C.H. Robinson Worldwide comprises approximately 4.2% of Clarkston Capital Partners LLC's portfolio, making the stock its 8th largest holding. Clarkston Capital Partners LLC owned about 1.75% of C.H. Robinson Worldwide worth $228,670,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CHRW. Vanguard Group Inc. boosted its holdings in C.H. Robinson Worldwide by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company's stock worth $1,082,346,000 after buying an additional 177,119 shares in the last quarter. ProShare Advisors LLC increased its position in C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock worth $222,837,000 after purchasing an additional 526,872 shares during the last quarter. Bank of New York Mellon Corp increased its position in C.H. Robinson Worldwide by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company's stock worth $115,921,000 after purchasing an additional 34,632 shares during the last quarter. Interval Partners LP acquired a new position in C.H. Robinson Worldwide during the second quarter worth approximately $82,581,000. Finally, Pzena Investment Management LLC increased its position in C.H. Robinson Worldwide by 0.5% during the second quarter. Pzena Investment Management LLC now owns 877,727 shares of the transportation company's stock worth $77,345,000 after purchasing an additional 4,679 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Down 0.2 %

NASDAQ CHRW traded down $0.20 on Monday, reaching $109.99. The stock had a trading volume of 629,391 shares, compared to its average volume of 1,526,023. The business has a 50 day moving average price of $106.92 and a 200 day moving average price of $96.33. 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, Inc. has a 1 year low of $65.00 and a 1 year high of $113.10. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 38.06, a P/E/G ratio of 1.27 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.25%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 85.81%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated 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 sale, the insider now owns 70,943 shares of the company's stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Bank of America raised shares of C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and increased their price objective for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. Susquehanna reduced their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Citigroup raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $110.00 to $127.00 in a report on Tuesday, November 12th. UBS Group raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and raised their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Barclays upped their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an "underweight" rating in a report on Wednesday, November 13th. One investment 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. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Hold" and an average price target of $107.63.

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.