C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,981 shares of the transportation company's stock after selling 3,006 shares during the period. Metis Global Partners LLC's holdings in C.H. Robinson Worldwide were worth $721,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. QRG Capital Management Inc. raised its position in shares of C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock worth $1,230,000 after acquiring an additional 98 shares during the period. Cascade Investment Advisors Inc. raised its position in shares of C.H. Robinson Worldwide by 0.7% during the 4th 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 during the last quarter. Venturi Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of C.H. Robinson Worldwide by 3.5% during the 4th 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 last quarter. Finally, SkyView Investment Advisors LLC raised its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

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Insider Buying and Selling

In other C.H. Robinson Worldwide news, 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 represents a 9.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the 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 owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,048 shares of company stock valued at $1,513,656. Company insiders own 1.47% of the company's stock.

Wall Street Analyst Weigh In

CHRW has been the subject of several research analyst reports. Susquehanna reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating for the company in a research report on Thursday, January 30th. Raymond James reduced their price target on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. StockNews.com downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday. Robert W. Baird upped their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Finally, Citigroup reduced their price target on shares of 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 investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.79.

C.H. Robinson Worldwide Trading Up 4.4 %

Shares of C.H. Robinson Worldwide stock traded up $4.33 during mid-day trading on Friday, hitting $102.45. The stock had a trading volume of 1,709,017 shares, compared to its average volume of 1,198,244. The firm has a 50-day moving average of $101.69 and a two-hundred day moving average of $104.64. 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 quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The firm has a market cap of $12.16 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results 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 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.42%. C.H. Robinson Worldwide's payout ratio is currently 64.42%.

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.