C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock Position Cut by Vest Financial LLC

Vest Financial LLC reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 13.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 544,912 shares of the transportation company's stock after selling 82,892 shares during the quarter. C.H. Robinson Worldwide makes up 1.2% of Vest Financial LLC's investment portfolio, making the stock its 8th largest holding. Vest Financial LLC owned 0.47% of C.H. Robinson Worldwide worth $60,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of CHRW. Nomura Holdings Inc. bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $203,000. Gateway Investment Advisers LLC increased its position in shares of C.H. Robinson Worldwide by 16.4% during the 1st quarter. Gateway Investment Advisers LLC now owns 6,198 shares of the transportation company's stock valued at $472,000 after purchasing an additional 875 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth $296,000. Brookstone Capital Management boosted its holdings in shares of C.H. Robinson Worldwide by 4.5% in the 1st quarter. Brookstone Capital Management now owns 6,574 shares of the transportation company's stock worth $501,000 after buying an additional 286 shares during the last quarter. Finally, Saratoga Research & Investment Management grew its position in C.H. Robinson Worldwide by 2.0% during the first quarter. Saratoga Research & Investment Management now owns 546,514 shares of the transportation company's stock valued at $41,612,000 after buying an additional 10,753 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock traded down $0.77 during mid-day trading on Friday, hitting $110.13. 1,683,959 shares of the company traded hands, compared to its average volume of 1,544,829. The stock has a fifty day moving average price of $104.21 and a 200-day moving average price of $90.80. The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 43.53, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $113.10. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a $0.62 dividend. This is an increase from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.25%. C.H. Robinson Worldwide's payout ratio is presently 98.02%.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,894 shares of the company's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the sale, the insider now owns 70,943 shares of the company's stock, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CHRW. Baird R W upgraded shares of C.H. Robinson Worldwide to a "hold" rating in a research note on Wednesday, July 3rd. Evercore ISI upped their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and raised their target price for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Barclays upped their price target on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an "underweight" rating in a research report on Friday, August 2nd. Finally, Vertical Research upgraded C.H. Robinson Worldwide from a "sell" rating to a "buy" rating and set a $102.00 price objective on the stock in a research note on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Hold" and a consensus target price of $100.29.

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.