Clarkston Capital Partners LLC Sells 59,145 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Clarkston Capital Partners LLC reduced its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.9% in the 4th quarter, HoldingsChannel reports. The fund owned 2,012,707 shares of the transportation company’s stock after selling 59,145 shares during the period. C.H. Robinson Worldwide comprises approximately 4.0% of Clarkston Capital Partners LLC’s holdings, making the stock its 8th biggest position. Clarkston Capital Partners LLC’s holdings in C.H. Robinson Worldwide were worth $207,953,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. National Pension Service acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $25,000. Quarry LP increased its stake in shares of C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after buying an additional 171 shares during the period. Missouri Trust & Investment Co bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $41,000. Mainstream Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth approximately $41,000. Finally, Brooklyn Investment Group boosted its holdings in C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 316 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CHRW shares. Robert W. Baird raised their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Wells Fargo & Company lowered their target price on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. StockNews.com cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Raymond James decreased their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. dropped their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $118.89.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 directly 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $90.94 on Friday. 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 $99.87 and its 200 day simple moving average is $104.35. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.73%. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

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.