Franklin Resources Inc. Sells 3,146 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Franklin Resources Inc. trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,147 shares of the transportation company's stock after selling 3,146 shares during the period. Franklin Resources Inc. owned 0.06% of C.H. Robinson Worldwide worth $7,248,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock valued at $443,000 after acquiring an additional 102 shares during the last quarter. Cascade Investment Advisors Inc. boosted its position in shares of C.H. Robinson Worldwide by 0.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock worth $1,652,000 after purchasing an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in C.H. Robinson Worldwide by 3.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock worth $400,000 after acquiring an additional 131 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock worth $717,000 after purchasing an additional 144 shares in the last quarter. Finally, Sound Financial Strategies Group LLC increased its position in shares of C.H. Robinson Worldwide by 1.9% during the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock worth $867,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

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Insiders Place Their Bets

In other C.H. Robinson Worldwide 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 value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now directly owns 34,586 shares of the company's stock, 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 1.47% of the company's stock.

C.H. Robinson Worldwide Trading Up 0.5 %

NASDAQ CHRW traded up $0.50 during trading hours on Tuesday, reaching $92.87. The company's stock had a trading volume of 286,978 shares, compared to its average volume of 1,412,274. The stock has a market cap of $10.98 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.16 and a beta of 0.86. The firm has a fifty day simple moving average of $97.86 and a 200-day simple moving average of $103.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82.

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

C.H. Robinson Worldwide Dividend Announcement

The company 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. The ex-dividend date was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.67%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 64.42%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CHRW shares. JPMorgan Chase & Co. decreased their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. StockNews.com cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Barclays raised their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a report on Friday, January 17th. Wells Fargo & Company dropped their target price on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, Citigroup decreased their price target on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.20.

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.