Atria Investments Inc Has $373,000 Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Atria Investments Inc lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,383 shares of the transportation company’s stock after selling 656 shares during the period. Atria Investments Inc’s holdings in C.H. Robinson Worldwide were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CWA Asset Management Group LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $285,000. Portside Wealth Group LLC grew its holdings in C.H. Robinson Worldwide by 2.6% during the 3rd quarter. Portside Wealth Group LLC now owns 8,578 shares of the transportation company’s stock worth $947,000 after acquiring an additional 221 shares during the period. Moloney Securities Asset Management LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $1,056,000. QRG Capital Management Inc. grew its holdings in C.H. Robinson Worldwide by 0.9% during the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock worth $1,230,000 after acquiring an additional 98 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in C.H. Robinson Worldwide by 13.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 45,583 shares of the transportation company’s stock worth $5,031,000 after acquiring an additional 5,354 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CHRW shares. Wells Fargo & Company lifted their target price on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $87.00 to $110.00 in a research report on Thursday, August 1st. Susquehanna reduced their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group lifted their price target on shares of 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. Finally, Evercore ISI lifted their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $107.63.

C.H. Robinson Worldwide Trading Down 0.3 %

Shares of C.H. Robinson Worldwide stock opened at $108.70 on Friday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $113.10. The firm has a market cap of $12.85 billion, a PE ratio of 37.61, a PEG ratio of 1.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The company has a 50 day simple moving average of $107.45 and a two-hundred day simple moving average of $96.69.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is presently 85.81%.

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.