Envestnet Portfolio Solutions Inc. Reduces Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Envestnet Portfolio Solutions Inc. reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,854 shares of the transportation company's stock after selling 2,717 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in C.H. Robinson Worldwide were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHRW. Victory Capital Management Inc. grew its holdings in shares of C.H. Robinson Worldwide by 62.3% in the third quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company's stock valued at $3,549,000 after purchasing an additional 12,348 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 25.9% in the 3rd quarter. Natixis Advisors LLC now owns 15,343 shares of the transportation company's stock valued at $1,693,000 after acquiring an additional 3,153 shares during the last quarter. Quest Partners LLC purchased a new position in C.H. Robinson Worldwide in the third quarter worth about $425,000. Pathstone Holdings LLC increased its stake in C.H. Robinson Worldwide by 54.1% during the third quarter. Pathstone Holdings LLC now owns 23,736 shares of the transportation company's stock worth $2,622,000 after acquiring an additional 8,334 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $987,000. Institutional investors own 93.15% of the company's stock.

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Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This trade represents 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 2,032 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,048 shares of company stock valued at $1,513,656 in the last 90 days. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded up $1.88 during trading hours on Wednesday, hitting $101.88. The company's stock had a trading volume of 1,075,528 shares, compared to its average volume of 1,344,410. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $100.67 and a 200 day moving average of $104.41. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The stock has a market cap of $12.09 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.43%. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial started coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a "buy" rating and a $115.00 target price for the company. Benchmark restated a "buy" rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Robert W. Baird lifted their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Barclays raised their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a research note on Friday, January 17th. Finally, Raymond James cut their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.15.

C.H. Robinson Worldwide 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.