Truist Financial Corp Sells 42,124 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Truist Financial Corp lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 33.1% in the fourth quarter, HoldingsChannel reports. The firm owned 84,989 shares of the transportation company’s stock after selling 42,124 shares during the period. Truist Financial Corp’s holdings in C.H. Robinson Worldwide were worth $7,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vision Capital Management Inc. raised its position in shares of C.H. Robinson Worldwide by 0.8% during the 4th quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock valued at $1,435,000 after buying an additional 129 shares in the last quarter. Cascade Investment Advisors Inc. raised its position in shares of C.H. Robinson Worldwide by 1.1% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 13,665 shares of the transportation company’s stock valued at $1,177,000 after buying an additional 145 shares in the last quarter. SkyView Investment Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 3.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $393,000 after buying an additional 149 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of C.H. Robinson Worldwide by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 51,934 shares of the transportation company’s stock valued at $4,473,000 after buying an additional 190 shares in the last quarter. Finally, Cognios Beta Neutral Large Cap Fund LP raised its position in shares of C.H. Robinson Worldwide by 3.4% during the 4th quarter. Cognios Beta Neutral Large Cap Fund LP now owns 5,836 shares of the transportation company’s stock valued at $504,000 after buying an additional 194 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.3 %

CHRW opened at $81.20 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $105.18. The stock has a fifty day moving average price of $72.69 and a 200-day moving average price of $79.18. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 3.70 and a beta of 0.75. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.46%. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s payout ratio is currently 96.44%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CHRW. Susquehanna increased their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Company reduced their price target on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. JPMorgan Chase & Co. boosted their price objective on C.H. Robinson Worldwide from $70.00 to $76.00 and gave the company an “underweight” rating in a report on Thursday. Wolfe Research upgraded C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Finally, Stifel Nicolaus boosted their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $82.60.

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.