Zurcher Kantonalbank Zurich Cantonalbank Decreases Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 60.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,016 shares of the transportation company's stock after selling 83,915 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in C.H. Robinson Worldwide were worth $5,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CHRW. Venturi Wealth Management LLC grew its position in 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 purchasing an additional 111 shares in the last quarter. National Pension Service acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $25,000. Quarry LP raised its stake 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 worth $43,000 after purchasing an additional 171 shares in the last quarter. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $41,000. Finally, Mainstream Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $41,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 0.9 %

Shares of C.H. Robinson Worldwide stock traded down $0.94 on Tuesday, reaching $100.06. 988,360 shares of the company's stock were exchanged, compared to its average volume of 1,331,455. The company has a market capitalization of $11.88 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The firm's 50-day moving average is $101.08 and its two-hundred day moving average is $104.54.

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

C.H. Robinson Worldwide Announces Dividend

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

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a legal filing 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 dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares of the company's stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock worth $1,513,656 in the last ninety days. Corporate insiders own 1.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CHRW shares. StockNews.com cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Robert W. Baird upped their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Stephens reiterated an "equal weight" rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. JPMorgan Chase & Co. decreased 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. Finally, Citigroup dropped their price objective on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $117.65.

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.