National Bank of Canada FI Trims Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

National Bank of Canada FI reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,356 shares of the transportation company's stock after selling 4,554 shares during the period. National Bank of Canada FI's holdings in C.H. Robinson Worldwide were worth $5,719,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. National Pension Service purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $25,000. Quarry LP lifted its holdings in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock worth $43,000 after buying an additional 171 shares during the period. Missouri Trust & Investment Co purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $41,000. Mainstream Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $41,000. Finally, Brooklyn Investment Group increased its stake in shares of C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after buying an additional 316 shares during the period. Institutional investors own 93.15% of the company's stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now directly owns 77,027 shares of the company's stock, valued at $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.

Remove Ads

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded up $0.99 during trading on Friday, reaching $91.26. 1,141,961 shares of the company traded hands, compared to its average volume of 1,416,731. The firm has a 50 day simple moving average of $97.96 and a 200-day simple moving average of $103.59. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82. The stock has a market capitalization of $10.79 billion, a PE ratio of 23.70, a P/E/G ratio of 1.16 and a beta of 0.86. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's payout ratio is currently 64.42%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CHRW shares. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target on the stock in a report on Friday, January 31st. Bank of America cut their target price on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. decreased their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft began coverage on C.H. Robinson Worldwide in a research note on Friday, March 7th. They issued a "buy" rating and a $129.00 target price for the company. Finally, StockNews.com cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.20.

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.