C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by South Dakota Investment Council

South Dakota Investment Council trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 61.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,777 shares of the transportation company's stock after selling 6,000 shares during the quarter. South Dakota Investment Council's holdings in C.H. Robinson Worldwide were worth $390,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC raised its stake in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after acquiring an additional 111 shares during the period. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $41,000. Quarry LP raised its position 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 purchasing an additional 171 shares during the period. Brooklyn Investment Group lifted its stake in C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock worth $48,000 after purchasing an additional 316 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $52,000. Institutional investors own 93.15% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CHRW shares. The Goldman Sachs Group increased their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Benchmark reiterated a "buy" rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a research note on Friday, January 17th. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a "market perform" rating in a report on Friday, December 13th. Finally, TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a "hold" rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average target price of $117.17.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.18% of the company's stock.

C.H. Robinson Worldwide Stock Up 2.4 %

Shares of CHRW traded up $2.38 during mid-day trading on Friday, hitting $101.62. 1,835,516 shares of the company traded hands, compared to its average volume of 1,183,677. The company has a market capitalization of $12.06 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.16 and a beta of 0.82. 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 has a 50 day moving average of $102.19 and a 200 day moving average of $104.60. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.44%. C.H. Robinson Worldwide's dividend payout ratio is currently 64.42%.

C.H. Robinson Worldwide Company 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.