Prime Capital Investment Advisors LLC Has $990,000 Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Prime Capital Investment Advisors LLC trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 59.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,969 shares of the transportation company's stock after selling 13,323 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in C.H. Robinson Worldwide were worth $990,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after purchasing an additional 111 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company's stock valued at $26,000 after acquiring an additional 185 shares during the period. Quent Capital LLC raised its stake in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock valued at $26,000 after purchasing an additional 146 shares in the last quarter. Eastern Bank bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $55,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 1.2 %

CHRW stock traded down $1.29 during midday trading on Friday, hitting $110.19. The stock had a trading volume of 991,652 shares, compared to its average volume of 1,530,062. 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 market cap of $13.03 billion, a P/E ratio of 38.13, a price-to-earnings-growth ratio of 1.29 and a beta of 0.84. The business has a fifty day moving average price of $106.75 and a two-hundred day moving average price of $95.78. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $113.10.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.25%. C.H. Robinson Worldwide's dividend payout ratio is currently 85.81%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the business's 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 completion of the sale, the insider now directly owns 70,943 shares of the company's stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CHRW shares. TD Cowen upped their target price on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Bank of America raised C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and raised their price objective for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. Susquehanna dropped their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, November 1st. BMO Capital Markets raised their price target on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group upped their price objective 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 given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.