Gulf International Bank UK Ltd Sells 221 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Gulf International Bank UK Ltd decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 9,109 shares of the transportation company’s stock after selling 221 shares during the quarter. Gulf International Bank UK Ltd’s holdings in C.H. Robinson Worldwide were worth $941,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. National Pension Service bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth $25,000. Los Angeles Capital Management LLC raised its holdings in C.H. Robinson Worldwide by 95.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 205,425 shares of the transportation company’s stock worth $21,225,000 after acquiring an additional 100,572 shares in the last quarter. Bank of New York Mellon Corp boosted its position in C.H. Robinson Worldwide by 4.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,129,703 shares of the transportation company’s stock valued at $116,721,000 after purchasing an additional 47,146 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $211,000. Finally, TCW Group Inc. increased its position in shares of C.H. Robinson Worldwide by 12.0% during the 4th quarter. TCW Group Inc. now owns 31,984 shares of the transportation company’s stock worth $3,305,000 after purchasing an additional 3,419 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of several recent analyst reports. Robert W. Baird increased their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Citigroup decreased their price objective on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Raymond James dropped their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Barclays lifted their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Finally, Benchmark restated a “buy” rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.17.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $101.62 on Monday. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The firm’s 50-day simple moving average is $102.14 and its 200 day simple moving average is $104.72. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 1.16 and a beta of 0.82.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.44%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.47% of the stock is currently owned by insiders.

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.