C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,505 shares of the transportation company's stock after selling 18,080 shares during the quarter. Wells Fargo & Company MN's holdings in C.H. Robinson Worldwide were worth $5,735,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CHRW. Inspire Investing LLC purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $810,000. Northstar Advisory Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $587,000. JPMorgan Chase & Co. boosted its stake in shares of C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock valued at $155,830,000 after purchasing an additional 36,769 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $211,000. Finally, Contravisory Investment Management Inc. purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at $543,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

CHRW stock traded up $1.14 on Thursday, hitting $91.75. The company's stock had a trading volume of 151,134 shares, compared to its average volume of 1,325,820. C.H. Robinson Worldwide, Inc. has a 1 year low of $69.68 and a 1 year high of $114.82. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $96.78 and a two-hundred day moving average of $102.67.

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

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

Insider Buying and Selling

In related 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 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 represents a 12.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now directly owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CHRW has been the subject of a number of research reports. Truist Financial initiated coverage on shares of C.H. Robinson Worldwide in a research report on Thursday, March 13th. They set a "buy" rating and a $115.00 target price for the company. Raymond James decreased their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft began coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They issued a "buy" rating and a $129.00 target price on the stock. Citigroup cut their price target on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $117.20.

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.