US Bancorp DE Sells 30,126 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

US Bancorp DE trimmed its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 3.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 781,823 shares of the transportation company's stock after selling 30,126 shares during the period. US Bancorp DE owned 0.67% of C.H. Robinson Worldwide worth $86,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. Quent Capital LLC grew its position in C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock valued at $26,000 after acquiring an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in 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 acquiring an additional 185 shares during the period. Sentry Investment Management LLC purchased a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $49,000. Eastern Bank acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $55,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Benchmark lifted 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. 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. Susquehanna cut their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, UBS Group upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their target price for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Hold" and an average target price of $103.53.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded down $1.22 on Friday, hitting $101.82. The company's stock had a trading volume of 1,570,109 shares, compared to its average volume of 1,542,602. The company has a 50-day simple moving average of $105.72 and a 200 day simple moving average of $93.14. The company has a market capitalization of $11.94 billion, a PE ratio of 35.23, a PEG ratio of 1.44 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. 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 released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 31.35% and a net margin of 1.96%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.21 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.44%. 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. C.H. Robinson Worldwide's dividend payout ratio is 85.81%.

Insiders Place Their Bets

In other 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 sale, the insider now owns 70,943 shares of the company's stock, valued at $6,979,372.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.47% of the company's stock.

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.