CANADA LIFE ASSURANCE Co Trims Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

CANADA LIFE ASSURANCE Co cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,981 shares of the transportation company's stock after selling 3,910 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.12% of C.H. Robinson Worldwide worth $14,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 2.4% during the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock valued at $443,000 after buying an additional 102 shares in the last quarter. Cascade Investment Advisors Inc. raised its position in C.H. Robinson Worldwide by 0.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock valued at $1,652,000 after purchasing an additional 105 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in C.H. Robinson Worldwide by 3.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock valued at $400,000 after purchasing an additional 131 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 2.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock valued at $717,000 after purchasing an additional 144 shares during the last quarter. Finally, Sound Financial Strategies Group LLC boosted its holdings in shares of C.H. Robinson Worldwide by 1.9% in the 4th quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock worth $867,000 after purchasing an additional 156 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Angela K. Freeman sold 8,000 shares of the company'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 $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock traded up $0.40 during trading on Wednesday, reaching $90.68. The company had a trading volume of 1,118,537 shares, compared to its average volume of 1,405,068. The firm has a market capitalization of $10.72 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. The firm's 50-day simple moving average is $96.78 and its 200 day simple moving average is $102.67. 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 1-year low of $69.66 and a 1-year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, equities 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

Wall Street Analyst Weigh In

Several research firms have commented on CHRW. StockNews.com lowered shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Wells Fargo & Company reduced their price objective on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Barclays boosted their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a research report on Friday, January 17th. Raymond James reduced their price target on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Susquehanna dropped their price objective on C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating for the company in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and an average price target of $117.20.

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.