Weybosset Research & Management LLC Sells 315 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Weybosset Research & Management LLC decreased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,110 shares of the transportation company’s stock after selling 315 shares during the period. C.H. Robinson Worldwide accounts for about 2.4% of Weybosset Research & Management LLC’s holdings, making the stock its 20th biggest position. Weybosset Research & Management LLC’s holdings in C.H. Robinson Worldwide were worth $7,140,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of CHRW. Venturi Wealth Management LLC lifted its holdings in 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. Quarry LP boosted its holdings in shares of C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares in the last quarter. Eastern Bank purchased a new position in shares of C.H. Robinson Worldwide during the third quarter worth approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth $55,000. Finally, Peoples Bank KS bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $66,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHRW. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Stifel Nicolaus boosted their price objective on shares of C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Evercore ISI lifted their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. TD Cowen lifted their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $118.00 to $130.00 in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $114.35.

C.H. Robinson Worldwide Trading Down 0.6 %

CHRW stock traded down $0.67 during trading on Friday, reaching $102.94. 190,645 shares of the stock were exchanged, compared to its average volume of 695,923. The business has a 50 day moving average price of $106.62 and a 200-day moving average price of $101.88. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 35.62, a P/E/G ratio of 1.25 and a beta of 0.83. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the business posted $0.84 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.41%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by 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.