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

MFA Wealth Advisors LLC reduced its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 97.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 591 shares of the transportation company's stock after selling 19,253 shares during the period. MFA Wealth Advisors LLC's holdings in C.H. Robinson Worldwide were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quent Capital LLC increased its position in C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock valued at $26,000 after acquiring an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company's stock worth $26,000 after purchasing an additional 185 shares during the period. Sentry Investment Management LLC bought a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $49,000. Eastern Bank purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in C.H. Robinson Worldwide in the third quarter worth about $55,000. 93.15% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Michael John Short sold 10,894 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Down 1.0 %

Shares of CHRW traded down $1.13 during mid-day trading on Thursday, hitting $106.73. 1,089,745 shares of the company traded hands, compared to its average volume of 1,533,779. The company has a market capitalization of $12.50 billion, a PE ratio of 42.63, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average of $104.82 and a 200 day moving average of $91.57. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 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 business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.32%. This is a boost from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide's payout ratio is presently 98.02%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Robert W. Baird raised their price target on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, August 1st. Benchmark raised their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Evercore ISI lifted their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. UBS Group raised shares of 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. Finally, The Goldman Sachs Group boosted their price target on C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Hold" and a consensus target price of $100.29.

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.