C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 14.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,416,507 shares of the transportation company’s stock after selling 245,502 shares during the quarter. C.H. Robinson Worldwide accounts for approximately 2.9% of Clarkston Capital Partners LLC’s holdings, making the stock its 12th biggest holding. Clarkston Capital Partners LLC owned 1.20% of C.H. Robinson Worldwide worth $135,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. State of Michigan Retirement System increased its holdings in C.H. Robinson Worldwide by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 32,292 shares of the transportation company’s stock valued at $3,098,000 after acquiring an additional 100 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of C.H. Robinson Worldwide by 2.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 105 shares during the last quarter. Assetmark Inc. grew its position in shares of C.H. Robinson Worldwide by 26.3% in the second quarter. Assetmark Inc. now owns 529 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 110 shares during the last quarter. Perpetual Ltd increased its stake in shares of C.H. Robinson Worldwide by 2.3% during the 2nd quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock worth $483,000 after purchasing an additional 112 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT raised its position in shares of C.H. Robinson Worldwide by 1.9% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company’s stock worth $663,000 after purchasing an additional 121 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays increased their target price on C.H. Robinson Worldwide from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. JPMorgan Chase & Co. increased their price objective on C.H. Robinson Worldwide from $155.00 to $166.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Stifel Nicolaus lifted their price objective on C.H. Robinson Worldwide from $111.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and upped their target price for the company from $134.00 to $148.00 in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their price target on shares of C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. The trade was a 43.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the transaction, the insider directly owned 34,046 shares in the company, valued at $5,164,778.20. This trade represents a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Up 1.4%

Shares of NASDAQ:CHRW opened at $159.54 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a market cap of $18.85 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.79 and a beta of 0.88. The stock’s 50-day moving average price is $139.86 and its two-hundred day moving average price is $118.81. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $160.27.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the firm posted $1.28 EPS. The company’s revenue was down 10.9% on a year-over-year basis. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be issued a $0.63 dividend. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, December 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.6%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.12%.

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.