Clarkston Capital Partners LLC Sells 59,145 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Clarkston Capital Partners LLC cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,012,707 shares of the transportation company's stock after selling 59,145 shares during the period. C.H. Robinson Worldwide accounts for about 4.0% of Clarkston Capital Partners LLC's investment portfolio, making the stock its 8th biggest position. Clarkston Capital Partners LLC owned approximately 1.70% of C.H. Robinson Worldwide worth $207,953,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in C.H. Robinson Worldwide in the fourth quarter worth about $685,000. Sit Investment Associates Inc. raised its stake in shares of C.H. Robinson Worldwide by 27.4% during the fourth quarter. Sit Investment Associates Inc. now owns 87,145 shares of the transportation company's stock worth $9,004,000 after buying an additional 18,749 shares during the last quarter. Aviva PLC raised its stake in shares of C.H. Robinson Worldwide by 1,520.9% during the fourth quarter. Aviva PLC now owns 70,639 shares of the transportation company's stock worth $7,298,000 after buying an additional 66,281 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $1,628,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth $5,828,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

CHRW has been the topic of several recent research reports. Susquehanna reduced their price target on C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating on the stock in a research report on Wednesday, March 26th. Benchmark restated a "buy" rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Stifel Nicolaus raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target for the company in a research note on Friday, January 31st. Truist Financial initiated coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a "buy" rating and a $115.00 price objective for the company. Finally, Stephens reiterated an "equal weight" rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $118.11.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of the business'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 transaction of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Stock Up 1.5 %

Shares of NASDAQ CHRW traded up $1.34 during midday trading on Friday, reaching $91.61. The company's stock had a trading volume of 360,577 shares, compared to its average volume of 1,412,080. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The stock has a 50 day simple moving average of $98.11 and a 200-day simple moving average of $103.71. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.16 and a beta of 0.86. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 64.42%.

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.