Mizuho Markets Americas LLC Sells 25,195 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mizuho Markets Americas LLC decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 28.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,521 shares of the transportation company's stock after selling 25,195 shares during the quarter. Mizuho Markets Americas LLC owned about 0.05% of C.H. Robinson Worldwide worth $6,900,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CHRW. Interval Partners LP acquired a new position in shares of C.H. Robinson Worldwide during the second quarter valued at $82,581,000. Point72 Asset Management L.P. acquired a new position in shares of C.H. Robinson Worldwide during the second quarter valued at $69,378,000. ProShare Advisors LLC boosted its holdings in shares of 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 valued at $222,837,000 after acquiring an additional 526,872 shares during the period. Vest Financial LLC boosted its holdings in shares of C.H. Robinson Worldwide by 44.1% during the second quarter. Vest Financial LLC now owns 627,804 shares of the transportation company's stock valued at $55,322,000 after acquiring an additional 192,205 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in C.H. Robinson Worldwide by 1.3% in the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company's stock worth $1,082,346,000 after purchasing an additional 177,119 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Down 1.2 %

NASDAQ:CHRW traded down $1.29 on Friday, hitting $110.19. 992,095 shares of the company's stock traded hands, compared to its average volume of 1,530,062. The company has a market cap of $13.03 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 1.29 and a beta of 0.84. 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 current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $106.75 and a 200-day moving average price of $95.78.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data 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 net margin of 1.96% and a return on equity of 30.38%. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed 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 payout ratio is 85.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an "underweight" rating in a report on Wednesday. BMO Capital Markets upped their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. UBS Group raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $100.00 to $140.00 in a report on Friday, October 4th. Wells Fargo & Company upped their price objective on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an "equal weight" rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group boosted their price target on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $107.63.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.47% of the company's stock.

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.