Stifel Financial Corp Has $4.60 Million Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Stifel Financial Corp decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 11.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,653 shares of the transportation company's stock after selling 5,405 shares during the quarter. Stifel Financial Corp's holdings in C.H. Robinson Worldwide were worth $4,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CHRW. Venturi Wealth Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after purchasing an additional 111 shares during the period. Quarry LP raised its position in shares of C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock valued at $43,000 after acquiring an additional 171 shares in the last quarter. Eastern Bank acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in C.H. Robinson Worldwide in the third quarter worth $55,000. Finally, EdgeRock Capital LLC acquired a new stake in C.H. Robinson Worldwide in the second quarter worth $62,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CHRW shares. Wells Fargo & Company raised C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. Susquehanna decreased their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, November 1st. UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Evercore ISI increased their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Hold" and an average price target of $112.88.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company's stock, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

CHRW traded down $1.27 during midday trading on Monday, reaching $110.11. The company's stock had a trading volume of 1,064,853 shares, compared to its average volume of 1,504,169. The stock has a market cap of $13.02 billion, a P/E ratio of 38.10, a PEG ratio of 1.25 and a beta of 0.83. The company has a fifty day simple moving average of $108.16 and a 200 day simple moving average of $99.79. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the firm earned $0.84 EPS. C.H. Robinson Worldwide's revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.25%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 85.81%.

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.