First Bank & Trust Reduces Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

First Bank & Trust lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 24.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,064 shares of the transportation company’s stock after selling 971 shares during the quarter. First Bank & Trust’s holdings in C.H. Robinson Worldwide were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CHRW. Inspire Investing LLC bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $810,000. D.A. Davidson & CO. grew its holdings in C.H. Robinson Worldwide by 7.1% during the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after purchasing an additional 443 shares during the last quarter. Chesapeake Capital Corp IL bought a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $835,000. Northstar Advisory Group LLC bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $587,000. Finally, JPMorgan Chase & Co. grew its holdings in C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after purchasing an additional 36,769 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CHRW. Bank of America cut their price target on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Robert W. Baird upped their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group upped 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 research note on Friday, November 1st. Finally, Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $117.17.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were 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 of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Trading Up 1.4 %

NASDAQ:CHRW opened at $100.42 on Friday. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The firm has a 50 day moving average of $103.07 and a 200 day moving average of $104.57. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.16 and a beta of 0.82.

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, beating analysts’ consensus estimates 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%. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.47%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

C.H. Robinson Worldwide Company 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.