Steward Partners Investment Advisory LLC Lowers Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Steward Partners Investment Advisory LLC reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 24.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,083 shares of the transportation company’s stock after selling 345 shares during the period. Steward Partners Investment Advisory LLC’s holdings in C.H. Robinson Worldwide were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Auxano Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 5.5% during the fourth quarter. Auxano Advisors LLC now owns 7,567 shares of the transportation company’s stock worth $782,000 after buying an additional 397 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at $387,000. Smartleaf Asset Management LLC raised its stake in shares of C.H. Robinson Worldwide by 420.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,867 shares of the transportation company’s stock valued at $193,000 after acquiring an additional 1,508 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of C.H. Robinson Worldwide by 4.7% in the fourth quarter. QRG Capital Management Inc. now owns 11,675 shares of the transportation company’s stock valued at $1,206,000 after acquiring an additional 527 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at $33,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock valued at $1,513,656 over the last quarter. 1.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on CHRW shares. Benchmark reiterated a “buy” rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Bank of America reduced their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Stephens reiterated an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Barclays increased their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. Finally, Truist Financial started coverage on C.H. Robinson Worldwide in a research note on Thursday. They issued a “buy” rating and a $115.00 price objective on the stock. One 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. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $117.65.

C.H. Robinson Worldwide Stock Up 2.1 %

CHRW opened at $98.38 on Monday. The business’s 50-day simple moving average is $101.13 and its 200-day simple moving average is $104.55. 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, Inc. has a one year low of $65.00 and a one year high of $114.82. The stock has a market capitalization of $11.68 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th 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 2.52%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

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.