Farther Finance Advisors LLC Trims Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Farther Finance Advisors LLC decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 20.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,281 shares of the transportation company’s stock after selling 5,030 shares during the period. Farther Finance Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $2,553,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $118,976,000. Boston Partners increased its stake in shares of C.H. Robinson Worldwide by 53.0% during the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after buying an additional 1,218,968 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of C.H. Robinson Worldwide by 78.3% in the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock valued at $193,219,000 after acquiring an additional 884,160 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of C.H. Robinson Worldwide by 119.6% in the second quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock valued at $76,169,000 after acquiring an additional 432,406 shares in the last quarter. Finally, State Street Corp increased its position in C.H. Robinson Worldwide by 5.7% during the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after purchasing an additional 397,177 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $164.94 on Friday. The firm has a market capitalization of $19.49 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 2.16 and a beta of 0.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59. The stock’s 50-day simple moving average is $151.25 and its 200-day simple moving average is $127.58. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $167.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the business earned $1.28 EPS. C.H. Robinson Worldwide’s revenue for the quarter was down 10.9% on a year-over-year basis. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s payout ratio is currently 51.12%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 45,266 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the completion of the sale, the insider owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the transaction, the insider directly owned 65,728 shares in the company, valued at $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several research reports. Bank of America upped their price target on shares of C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on shares of C.H. Robinson Worldwide from $77.00 to $85.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. Evercore ISI increased their target price on C.H. Robinson Worldwide from $155.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. UBS Group lifted their price target on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Susquehanna set a $165.00 price objective on C.H. Robinson Worldwide and gave the stock a “positive” rating in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.48.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.