Principal Securities Inc. Has $60,000 Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Principal Securities Inc. lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 580 shares of the transportation company’s stock after selling 162 shares during the period. Principal Securities Inc.’s holdings in C.H. Robinson Worldwide were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHRW. Inspire Investing LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $810,000. D.A. Davidson & CO. increased its holdings in C.H. Robinson Worldwide by 7.1% during the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after purchasing an additional 443 shares in the last quarter. Chesapeake Capital Corp IL purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth approximately $835,000. Northstar Advisory Group LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $587,000. Finally, JPMorgan Chase & Co. boosted its position 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 buying an additional 36,769 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.1 %

Shares of CHRW opened at $99.24 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The business has a 50-day moving average of $102.19 and a 200 day moving average of $104.60. The firm has a market cap of $11.78 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 1.16 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping the consensus estimate 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%. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.50%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares of the company’s stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CHRW shares. Robert W. Baird raised 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. Susquehanna dropped their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, January 30th. Bank of America cut their price target on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Friday, January 31st. Finally, TD Cowen boosted their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $117.17.

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.