Sasco Capital Inc. CT Sells 30,000 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sasco Capital Inc. CT cut its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 15.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 168,800 shares of the transportation company's stock after selling 30,000 shares during the period. C.H. Robinson Worldwide comprises approximately 2.8% of Sasco Capital Inc. CT's investment portfolio, making the stock its 18th biggest position. Sasco Capital Inc. CT owned approximately 0.14% of C.H. Robinson Worldwide worth $18,630,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CHRW. Quent Capital LLC grew its stake in shares of C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock worth $26,000 after purchasing an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company's stock worth $26,000 after acquiring an additional 185 shares in the last quarter. Venturi Wealth Management LLC grew its stake in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after purchasing an additional 111 shares during the period. Eastern Bank bought a new position in C.H. Robinson Worldwide during the third quarter worth $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth $55,000. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHRW has been the topic of several recent research reports. Citigroup raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and raised their price target for the company from $110.00 to $127.00 in a research report on Tuesday, November 12th. Susquehanna cut their target price on 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. UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. TD Cowen raised their price target on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Finally, Evercore ISI increased their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Hold" and a consensus price target of $107.63.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the company's 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 transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.18% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Price Performance

CHRW stock traded down $0.91 during mid-day trading on Tuesday, reaching $109.08. 773,656 shares of the company traded hands, compared to its average volume of 1,522,664. The company has a fifty day moving average price of $106.92 and a 200-day moving average price of $96.33. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10. The company has a market capitalization of $12.89 billion, a P/E ratio of 38.00, a P/E/G ratio of 1.27 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate 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 company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.53 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. C.H. Robinson Worldwide's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm 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 $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.27%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 85.81%.

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.