Mutual of America Capital Management LLC Cuts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mutual of America Capital Management LLC decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,445 shares of the transportation company’s stock after selling 326 shares during the period. Mutual of America Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CHRW. Quent Capital LLC lifted its position in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after buying an additional 185 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the period. Eastern Bank purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in C.H. Robinson Worldwide during the third quarter worth $55,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CHRW shares. TD Cowen raised their target price on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price objective for the company from $110.00 to $127.00 in a research note on Tuesday, November 12th. BMO Capital Markets upped their target price on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Robert W. Baird increased their target price on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Benchmark boosted their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and an average price target of $107.63.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.18% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Down 0.1 %

Shares of NASDAQ:CHRW opened at $107.54 on Tuesday. The company has a market capitalization of $12.71 billion, a P/E ratio of 37.21, a P/E/G ratio of 1.23 and a beta of 0.84. The stock’s fifty day simple moving average is $107.74 and its 200-day simple moving average is $97.31. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.31%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 85.81%.

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.