HighTower Advisors LLC Sells 16,196 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

HighTower Advisors LLC decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 35.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,111 shares of the transportation company's stock after selling 16,196 shares during the quarter. HighTower Advisors LLC's holdings in C.H. Robinson Worldwide were worth $3,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Independent Advisor Alliance lifted its position in C.H. Robinson Worldwide by 3.3% in the 4th quarter. Independent Advisor Alliance now owns 5,596 shares of the transportation company's stock worth $578,000 after buying an additional 180 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of C.H. Robinson Worldwide by 7.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 15,552 shares of the transportation company's stock worth $1,607,000 after acquiring an additional 1,138 shares in the last quarter. Moran Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 19.8% during the fourth quarter. Moran Wealth Management LLC now owns 2,526 shares of the transportation company's stock valued at $261,000 after purchasing an additional 417 shares during the last quarter. Amundi grew its stake in C.H. Robinson Worldwide by 34.5% in the fourth quarter. Amundi now owns 654,547 shares of the transportation company's stock valued at $67,818,000 after purchasing an additional 168,025 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its position in C.H. Robinson Worldwide by 1.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 43,660 shares of the transportation company's stock worth $4,511,000 after purchasing an additional 438 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities research analysts recently commented on CHRW shares. StockNews.com cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Benchmark reissued a "buy" rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a research report 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 target on the stock. Citigroup decreased their price objective on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Finally, Stifel Nicolaus upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $117.65.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the business's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares of the company's stock, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,048 shares of company stock valued at $1,513,656. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded down $0.48 during trading on Tuesday, hitting $100.00. 1,400,406 shares of the company's stock traded hands, compared to its average volume of 1,348,440. The company has a market cap of $11.87 billion, a PE ratio of 25.97, a PEG ratio of 1.16 and a beta of 0.83. The firm's fifty day moving average price is $100.73 and its 200 day moving average price is $104.41. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. 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 (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating 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%. 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 declared 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 dividend on an annualized basis and a yield of 2.48%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 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.