United Capital Financial Advisors LLC Sells 39,917 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

United Capital Financial Advisors LLC lessened its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,202 shares of the transportation company's stock after selling 39,917 shares during the period. United Capital Financial Advisors LLC owned approximately 0.16% of C.H. Robinson Worldwide worth $19,032,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock valued at $443,000 after acquiring an additional 102 shares during the last quarter. Cascade Investment Advisors Inc. raised its holdings in shares of C.H. Robinson Worldwide by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock valued at $1,652,000 after buying an additional 105 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in C.H. Robinson Worldwide by 3.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock worth $400,000 after acquiring an additional 131 shares during the last quarter. SkyView Investment Advisors LLC increased its position in C.H. Robinson Worldwide by 2.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock valued at $717,000 after acquiring an additional 144 shares in the last quarter. Finally, Sound Financial Strategies Group LLC raised its stake in shares of C.H. Robinson Worldwide by 1.9% in the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock worth $867,000 after acquiring an additional 156 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 27th. The stock was 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. Company insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Up 1.4 %

CHRW stock traded up $1.28 during mid-day trading on Friday, reaching $91.14. The company had a trading volume of 1,036,109 shares, compared to its average volume of 1,407,485. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 52 week low of $69.66 and a 52 week high of $114.82. The stock has a 50 day simple moving average of $97.29 and a two-hundred day simple moving average of $103.02. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating 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%. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America lowered their price target on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating for the company in a report on Friday, March 28th. Benchmark reaffirmed a "buy" rating and set a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Jefferies Financial Group dropped their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a report on Friday, April 11th. Citigroup reduced their target price on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.