HighTower Advisors LLC Cuts Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

HighTower Advisors LLC reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,307 shares of the transportation company's stock after selling 4,912 shares during the period. HighTower Advisors LLC's holdings in C.H. Robinson Worldwide were worth $5,117,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its stake in shares of C.H. Robinson Worldwide by 2,259.1% in 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 in the last quarter. Interval Partners LP purchased a new stake in C.H. Robinson Worldwide during the second quarter worth about $82,581,000. Point72 Asset Management L.P. acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth about $69,378,000. ProShare Advisors LLC boosted its stake in shares of C.H. Robinson Worldwide by 26.3% in the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock valued at $222,837,000 after purchasing an additional 526,872 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of C.H. Robinson Worldwide by 137.8% in the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company's stock valued at $47,573,000 after purchasing an additional 249,774 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock traded down $0.08 on Wednesday, hitting $109.13. The stock had a trading volume of 1,236,706 shares, compared to its average volume of 1,501,756. The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 1.21 and a beta of 0.83. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10. The company's 50 day moving average price is $107.82 and its 200 day moving average price is $99.13.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company's revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 earnings per share. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.27%. C.H. Robinson Worldwide's payout ratio is 85.81%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CHRW. Evercore ISI raised their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. TD Cowen upped their price target on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Susquehanna decreased their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. UBS Group upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and upped their target price for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, BMO Capital Markets lifted their price target on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $109.13.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.47% of the company's stock.

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.