C.H. Robinson Worldwide, Inc. $CHRW Stake Lowered by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,174,105 shares of the transportation company’s stock after selling 106,864 shares during the period. Alliancebernstein L.P. owned 0.99% of C.H. Robinson Worldwide worth $155,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHRW. Jones Financial Companies Lllp increased its holdings in shares of C.H. Robinson Worldwide by 2.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock worth $338,000 after acquiring an additional 69 shares during the period. UMB Bank n.a. boosted its position in shares of C.H. Robinson Worldwide by 16.7% during the third quarter. UMB Bank n.a. now owns 656 shares of the transportation company’s stock worth $87,000 after buying an additional 94 shares during the period. Empirical Asset Management LLC grew its holdings in C.H. Robinson Worldwide by 1.8% in the 3rd quarter. Empirical Asset Management LLC now owns 5,760 shares of the transportation company’s stock worth $763,000 after buying an additional 102 shares in the last quarter. Clearstead Advisors LLC grew its holdings in C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after buying an additional 128 shares in the last quarter. Finally, Fulton Bank N.A. increased its position in C.H. Robinson Worldwide by 4.2% in the 3rd quarter. Fulton Bank N.A. now owns 3,350 shares of the transportation company’s stock valued at $444,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.6%

CHRW opened at $170.48 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $20.22 billion, a PE ratio of 35.30, a P/E/G ratio of 1.78 and a beta of 0.90. The stock’s fifty day moving average is $181.67 and its 200-day moving average is $157.56. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the business posted $1.21 earnings per share. The company’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.17%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,368 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the sale, the insider directly owned 52,101 shares of the company’s stock, valued at $10,487,931.30. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Arun Rajan acquired 605 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 12th. The shares were bought at an average cost of $167.11 per share, with a total value of $101,101.55. Following the completion of the purchase, the insider owned 133,656 shares in the company, valued at approximately $22,335,254.16. This represents a 0.45% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. 0.91% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CHRW has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. BMO Capital Markets reissued a “market perform” rating and set a $180.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. The Goldman Sachs Group restated a “neutral” rating and set a $149.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. JPMorgan Chase & Co. upped their price objective on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Finally, UBS Group set a $160.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $181.29.

C.H. Robinson Worldwide Profile

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.