Mutual of America Capital Management LLC Trims Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mutual of America Capital Management LLC lessened its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,162 shares of the transportation company’s stock after selling 283 shares during the quarter. Mutual of America Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,463,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. National Pension Service acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC increased its holdings in C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $33,000. Missouri Trust & Investment Co acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $41,000. Finally, Quarry LP increased its holdings in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity

In related news, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,048 shares of company stock worth $1,513,656 over the last ninety days. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $102.45 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The company has a market cap of $12.16 billion, a P/E ratio of 26.61, 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. The firm has a fifty day moving average price of $101.67 and a 200 day moving average price of $104.68.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) 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%. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.42%. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide in a report on Friday. They issued a “buy” rating and a $129.00 target price for the company. Susquehanna dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a report on Thursday, January 30th. Bank of America dropped their price target on shares of 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. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Finally, TD Cowen boosted their price target on shares of 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, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $117.79.

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.