First Eagle Investment Management LLC Reduces Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

First Eagle Investment Management LLC decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,738,898 shares of the transportation company's stock after selling 716,303 shares during the period. C.H. Robinson Worldwide accounts for about 2.5% of First Eagle Investment Management LLC's investment portfolio, making the stock its 11th largest position. First Eagle Investment Management LLC owned about 9.08% of C.H. Robinson Worldwide worth $1,109,543,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of C.H. Robinson Worldwide by 92,841.1% during the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after buying an additional 3,004,338 shares during the last quarter. FMR LLC raised its position in shares of C.H. Robinson Worldwide by 2,259.1% during the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock valued at $282,303,000 after buying an additional 2,449,367 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $102,174,000. Jupiter Asset Management Ltd. raised its position in shares of C.H. Robinson Worldwide by 737.0% during the fourth quarter. Jupiter Asset Management Ltd. now owns 400,418 shares of the transportation company's stock valued at $41,371,000 after buying an additional 352,578 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of C.H. Robinson Worldwide by 137.8% during the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company's stock valued at $47,573,000 after buying an additional 249,774 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

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Insider Activity 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 dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the business's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares of the company's stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,048 shares of company stock worth $1,513,656 over the last three months. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Trading Down 0.9 %

Shares of CHRW traded down $0.94 during trading hours on Tuesday, reaching $100.06. 988,361 shares of the company traded hands, compared to its average volume of 1,331,455. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. 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 stock's fifty day moving average price is $101.08 and its 200 day moving average price is $104.54.

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

C.H. Robinson Worldwide Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CHRW shares. Citigroup reduced their price objective on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Bank of America reduced their price objective on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Robert W. Baird raised their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Raymond James cut their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Finally, Susquehanna cut their target price on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating for the company in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.65.

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.