Accredited Investors Inc. Sells 12,749 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Accredited Investors Inc. lessened its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,811 shares of the transportation company’s stock after selling 12,749 shares during the quarter. C.H. Robinson Worldwide accounts for approximately 0.7% of Accredited Investors Inc.’s investment portfolio, making the stock its 26th biggest position. Accredited Investors Inc. owned about 0.09% of C.H. Robinson Worldwide worth $13,347,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CHRW. Norges Bank acquired a new stake in C.H. Robinson Worldwide in the second quarter valued at about $118,976,000. Boston Partners lifted its holdings in shares of C.H. Robinson Worldwide by 53.0% in the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock worth $340,646,000 after acquiring an additional 1,218,968 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of C.H. Robinson Worldwide by 78.3% in the 2nd 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 purchasing an additional 884,160 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of C.H. Robinson Worldwide by 119.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock valued at $76,169,000 after purchasing an additional 432,406 shares during 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 worth $716,423,000 after purchasing an additional 397,177 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $149.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, January 14th. Sanford C. Bernstein raised their price objective on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a “market perform” rating in a report on Friday, January 9th. Raymond James Financial boosted their price objective on C.H. Robinson Worldwide from $158.00 to $161.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings downgraded C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Stephens set a $173.00 price target on C.H. Robinson Worldwide in a research note on Thursday, October 30th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.65.

C.H. Robinson Worldwide Stock Up 2.4%

C.H. Robinson Worldwide stock opened at $179.38 on Thursday. The firm has a market cap of $21.19 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 1.90 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $180.21. 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 firm has a 50 day moving average price of $162.16 and a two-hundred day moving average price of $137.65.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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 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 in the prior year, the company posted $1.28 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down 10.9% compared to the same quarter last year. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, December 5th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.12%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 2,390 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $161.91, for a total value of $386,964.90. Following the transaction, the insider directly owned 55,158 shares of the company’s stock, valued at $8,930,631.78. The trade was a 4.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Angela K. Freeman sold 49,884 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the sale, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This represents a 43.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 98,770 shares of company stock valued at $14,937,201. Corporate insiders own 1.47% of the company’s stock.

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.