C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 19.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,578 shares of the transportation company's stock after selling 4,723 shares during the period. Plato Investment Management Ltd's holdings in C.H. Robinson Worldwide were worth $2,159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB bought a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $1,051,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in C.H. Robinson Worldwide by 13.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company's stock valued at $16,301,000 after buying an additional 26,156 shares during the period. abrdn plc lifted its position in C.H. Robinson Worldwide by 2.6% in the third quarter. abrdn plc now owns 508,803 shares of the transportation company's stock worth $55,818,000 after buying an additional 12,992 shares during the last quarter. Cetera Advisors LLC bought a new stake in C.H. Robinson Worldwide in the first quarter worth $6,665,000. Finally, Forsta AP Fonden boosted its stake in C.H. Robinson Worldwide by 113.2% during the third quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company's stock worth $9,106,000 after buying an additional 43,800 shares during the period. 93.15% of the stock is owned by institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now owns 70,943 shares of the company's stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.47% of the company's stock.

Analysts Set New Price Targets

CHRW has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 1st. Evercore ISI upped their target price 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 price target for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Robert W. Baird boosted their price objective on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $107.63.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock traded down $0.20 on Thursday, reaching $111.48. 1,136,968 shares of the stock were exchanged, compared to its average volume of 1,532,496. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The business has a 50 day moving average price of $106.56 and a two-hundred day moving average price of $95.51. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $13.18 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 1.26 and a beta of 0.84.

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 EPS for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the firm earned $0.84 EPS. The business's revenue for the quarter was up 7.0% on a year-over-year basis. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.22%. C.H. Robinson Worldwide's payout ratio is currently 85.81%.

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.