First Citizens Bank & Trust Co. Sells 776 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

First Citizens Bank & Trust Co. decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,291 shares of the transportation company’s stock after selling 776 shares during the period. First Citizens Bank & Trust Co.’s holdings in C.H. Robinson Worldwide were worth $1,580,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CHRW. Exchange Traded Concepts LLC grew its holdings in shares of C.H. Robinson Worldwide by 801.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 10,187 shares of the transportation company’s stock valued at $1,053,000 after buying an additional 9,057 shares during the last quarter. Neumann Capital Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 2.7% during the fourth quarter. Neumann Capital Management LLC now owns 18,890 shares of the transportation company’s stock valued at $1,952,000 after buying an additional 500 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $810,000. Avior Wealth Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 24.6% during the fourth quarter. Avior Wealth Management LLC now owns 963 shares of the transportation company’s stock valued at $99,000 after buying an additional 190 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 11,544 shares of the transportation company’s stock valued at $1,185,000 after buying an additional 225 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $118.00 to $130.00 in a report on Monday, December 9th. The Goldman Sachs Group raised their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Raymond James upgraded shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.00 target price on the stock in a report on Friday, January 10th. Finally, Susquehanna upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and raised their target price for the stock from $115.00 to $130.00 in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $114.71.

Insider Buying and Selling

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

C.H. Robinson Worldwide Stock Up 1.1 %

Shares of CHRW stock opened at $108.16 on Monday. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 0.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The company’s fifty day moving average price is $105.88 and its 200-day moving average price is $103.39. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.39 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

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.