Jones Financial Companies Lllp Lowers Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Jones Financial Companies Lllp trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,895 shares of the transportation company’s stock after selling 233 shares during the period. Jones Financial Companies Lllp’s holdings in C.H. Robinson Worldwide were worth $196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cascade Investment Advisors Inc. grew its position in C.H. Robinson Worldwide by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock valued at $1,652,000 after buying an additional 105 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of C.H. Robinson Worldwide by 3.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock worth $400,000 after purchasing an additional 131 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after purchasing an additional 144 shares in the last quarter. Finally, Diversified Trust Co boosted its position in shares of C.H. Robinson Worldwide by 5.0% during the 4th quarter. Diversified Trust Co now owns 3,414 shares of the transportation company’s stock worth $353,000 after purchasing an additional 164 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 0.1 %

Shares of CHRW stock opened at $96.32 on Friday. The firm has a 50-day moving average price of $101.38 and a 200 day moving average price of $104.63. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 1.16 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating 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%. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Activity

In other news, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This represents a 9.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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 of the company’s stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock valued at $1,513,656 in the last 90 days. 1.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CHRW has been the topic of several research analyst reports. Citigroup decreased their target price 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. Truist Financial initiated coverage on shares of C.H. Robinson Worldwide in a research report on Thursday. They set a “buy” rating and a $115.00 target price on the stock. Robert W. Baird boosted their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Raymond James decreased their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.65.

C.H. Robinson Worldwide 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.