C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Palisade Asset Management LLC

Palisade Asset Management LLC cut its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 44.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,819 shares of the transportation company’s stock after selling 14,955 shares during the period. Palisade Asset Management LLC’s holdings in C.H. Robinson Worldwide were worth $2,077,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Quent Capital LLC lifted its stake in C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after buying an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares during the period. Venturi Wealth Management LLC lifted its position in shares of 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 acquiring an additional 111 shares in the last quarter. Eastern Bank acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $55,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide 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 transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Susquehanna decreased their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. TD Cowen raised their price objective on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $87.00 to $110.00 in a research note on Thursday, August 1st. Barclays increased their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Finally, Benchmark boosted their price objective on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $107.63.

C.H. Robinson Worldwide Stock Down 0.9 %

Shares of CHRW stock opened at $107.61 on Friday. The stock’s 50 day simple moving average is $107.60 and its 200 day simple moving average is $96.89. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 1.24 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is 85.81%.

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.