Holderness Investments Co. Trims Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Holderness Investments Co. lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 14.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,983 shares of the transportation company’s stock after selling 485 shares during the quarter. Holderness Investments Co.’s holdings in C.H. Robinson Worldwide were worth $308,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 2.4% during the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock valued at $443,000 after acquiring an additional 102 shares in the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock valued at $1,652,000 after acquiring an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of C.H. Robinson Worldwide by 3.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock valued at $400,000 after acquiring an additional 131 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after acquiring an additional 144 shares in the last quarter. Finally, Sound Financial Strategies Group LLC raised its stake in shares of C.H. Robinson Worldwide by 1.9% during the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company’s stock valued at $867,000 after acquiring an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity

In other news, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,048 shares of company stock valued at $1,513,656 over the last ninety days. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $99.30 on Friday. The firm’s fifty day simple moving average is $100.83 and its two-hundred day simple moving average is $104.44. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The firm has a market capitalization of $11.79 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.16 and a beta of 0.83.

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 (EPS) for the quarter, topping the consensus estimate 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%. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Analyst Ratings Changes

Several research firms have recently weighed in on CHRW. Robert W. Baird lifted their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Stephens reaffirmed an “equal weight” rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $118.00 to $130.00 in a research note on Monday, December 9th. Bank of America reduced their price objective on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $117.65.

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.