Martin Capital Partners LLC Cuts Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Martin Capital Partners LLC trimmed its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,429 shares of the transportation company's stock after selling 5,075 shares during the period. Martin Capital Partners LLC's holdings in C.H. Robinson Worldwide were worth $251,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in C.H. Robinson Worldwide by 19.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,127 shares of the transportation company's stock worth $11,128,000 after purchasing an additional 17,696 shares in the last quarter. Guidance Capital Inc. purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $910,000. E. Ohman J or Asset Management AB grew its holdings in shares of C.H. Robinson Worldwide by 35.7% in the fourth quarter. E. Ohman J or Asset Management AB now owns 5,700 shares of the transportation company's stock valued at $589,000 after purchasing an additional 1,500 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake 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 purchasing an additional 131 shares during the period. Finally, Oak Harvest Investment Services acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $310,000. 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 $0.05 on Friday, hitting $96.59. The stock had a trading volume of 1,087,366 shares, compared to its average volume of 1,187,270. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.12 and a beta of 0.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82. The company's 50 day moving average price is $104.67 and its 200 day moving average price is $104.12.

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 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%. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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 paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

Insider Activity

In related 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 sale, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael John Short sold 10,408 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company's stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Benchmark reissued a "buy" rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. The Goldman Sachs Group increased their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. 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 report on Thursday, January 30th. Finally, Citigroup lowered their price target on C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $117.17.

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.