Plato Investment Management Ltd Reduces Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Plato Investment Management Ltd lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,653 shares of the transportation company's stock after selling 2,925 shares during the quarter. Plato Investment Management Ltd's holdings in C.H. Robinson Worldwide were worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth about $241,000. Nisa Investment Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 21.4% in the third quarter. Nisa Investment Advisors LLC now owns 12,918 shares of the transportation company's stock valued at $1,432,000 after acquiring an additional 2,276 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at approximately $263,000. Janney Montgomery Scott LLC increased its position in C.H. Robinson Worldwide by 1.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 138,245 shares of the transportation company's stock valued at $15,258,000 after purchasing an additional 2,077 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in C.H. Robinson Worldwide by 1.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,777 shares of the transportation company's stock worth $1,962,000 after purchasing an additional 339 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

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Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, 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 transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares of the company's stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,048 shares of company stock worth $1,513,656 in the last ninety days. Company insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Up 5.1 %

C.H. Robinson Worldwide stock traded up $4.95 during midday trading on Friday, hitting $102.45. 1,708,799 shares of the stock were exchanged, compared to its average volume of 1,198,203. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week 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 business's 50-day moving average price is $101.69 and its 200-day moving average price is $104.64. The stock has a market capitalization of $12.16 billion, a price-to-earnings 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 announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CHRW. Benchmark reiterated a "buy" rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Robert W. Baird lifted their price objective on 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. Raymond James cut their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $118.00 to $130.00 in a report on Monday, December 9th. Finally, Stifel Nicolaus upgraded 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.79.

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.