Vest Financial LLC Sells 13,098 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vest Financial LLC reduced its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 531,814 shares of the transportation company's stock after selling 13,098 shares during the quarter. Vest Financial LLC owned 0.45% of C.H. Robinson Worldwide worth $54,947,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC raised its position in shares of C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock valued at $282,303,000 after acquiring an additional 2,449,367 shares in the last quarter. Citigroup Inc. increased its stake in C.H. Robinson Worldwide by 137.8% during the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company's stock valued at $47,573,000 after purchasing an additional 249,774 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of C.H. Robinson Worldwide by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company's stock worth $155,149,000 after purchasing an additional 153,654 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of C.H. Robinson Worldwide by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company's stock worth $436,648,000 after buying an additional 142,116 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $11,865,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the company's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CHRW shares. Bank of America dropped their price objective on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Stephens restated an "equal weight" rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. The Goldman Sachs Group increased their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. TD Cowen boosted their price target 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. Finally, Raymond James dropped their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $117.17.

C.H. Robinson Worldwide Stock Down 2.2 %

Shares of C.H. Robinson Worldwide stock traded down $2.19 during midday trading on Wednesday, hitting $97.55. The company's stock had a trading volume of 953,772 shares, compared to its average volume of 1,149,520. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year 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 firm has a market capitalization of $11.53 billion, a P/E ratio of 25.34, a PEG ratio of 1.12 and a beta of 0.82. The stock has a 50-day simple moving average of $104.18 and a 200-day simple moving average of $104.40.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS 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%. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued 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 dividend yield of 2.54%. 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.