Sanctuary Advisors LLC Decreases Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sanctuary Advisors LLC trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 21.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,828 shares of the transportation company’s stock after selling 1,568 shares during the period. Sanctuary Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $585,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of C.H. Robinson Worldwide by 5.3% during the fourth quarter. Principal Financial Group Inc. now owns 142,016 shares of the transportation company’s stock valued at $14,673,000 after purchasing an additional 7,183 shares during the last quarter. Sierra Ocean LLC purchased a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $140,000. Asset Management One Co. Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 0.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 45,984 shares of the transportation company’s stock worth $4,777,000 after buying an additional 401 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after acquiring an additional 3,004,338 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in C.H. Robinson Worldwide by 355.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 173,474 shares of the transportation company’s stock valued at $17,830,000 after acquiring an additional 135,427 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Bank of America cut their price target on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Benchmark reaffirmed a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. StockNews.com raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday. Barclays raised their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Finally, Raymond James cut their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.17.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $101.62 on Friday. The firm’s fifty day moving average is $102.14 and its two-hundred day moving average is $104.67. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82. The company has a market cap of $12.06 billion, a P/E ratio of 26.39, a P/E/G 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 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%. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced 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 2.44%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.47% of the stock is currently owned by company insiders.

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.