Commonwealth Equity Services LLC Grows Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Commonwealth Equity Services LLC lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,755 shares of the transportation company’s stock after buying an additional 1,047 shares during the quarter. Commonwealth Equity Services LLC’s holdings in C.H. Robinson Worldwide were worth $1,731,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC boosted its stake in shares of C.H. Robinson Worldwide by 39.8% in the third quarter. Cerity Partners LLC now owns 22,854 shares of the transportation company’s stock valued at $2,522,000 after purchasing an additional 6,507 shares during the period. Daiwa Securities Group Inc. boosted its position in C.H. Robinson Worldwide by 12.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 14,414 shares of the transportation company’s stock valued at $1,591,000 after buying an additional 1,602 shares during the period. FMR LLC grew its stake in shares of C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock worth $282,303,000 after acquiring an additional 2,449,367 shares in the last quarter. D.A. Davidson & CO. grew its stake 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. Finally, Glenmede Trust Co. NA increased its holdings in C.H. Robinson Worldwide by 11.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,760 shares of the transportation company’s stock worth $856,000 after purchasing an additional 774 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays boosted their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft initiated coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a “buy” rating and a $129.00 price objective for the company. Raymond James cut their target price on 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. Wells Fargo & Company reduced their price objective on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, BMO Capital Markets increased their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average target price of $118.89.

C.H. Robinson Worldwide Trading Down 0.5 %

Shares of C.H. Robinson Worldwide stock opened at $101.13 on Friday. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82. The company’s 50-day simple moving average is $100.58 and its 200-day simple moving average is $104.37. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share 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%. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company 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 $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Activity at C.H. Robinson Worldwide

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

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.