ProShare Advisors LLC Decreases Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

ProShare Advisors LLC decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,643,324 shares of the transportation company’s stock after selling 132,434 shares during the period. ProShare Advisors LLC owned approximately 1.39% of C.H. Robinson Worldwide worth $217,576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHRW. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide in the second quarter worth about $30,000. MUFG Securities EMEA plc bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $34,000. Arlington Trust Co LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $34,000. Quent Capital LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $37,000. Finally, FNY Investment Advisers LLC purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $38,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,849 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $194.20, for a total transaction of $553,275.80. Following the transaction, the insider directly owned 28,149 shares in the company, valued at approximately $5,466,535.80. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael John Short sold 1,230 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $175.00, for a total transaction of $215,250.00. Following the completion of the transaction, the insider directly owned 53,928 shares of the company’s stock, valued at $9,437,400. This trade represents a 2.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,469 shares of company stock valued at $1,155,491 in the last ninety days. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $180.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Bank of America upped their price target on shares of C.H. Robinson Worldwide from $167.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, December 24th. JPMorgan Chase & Co. raised 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 research note on Monday, January 12th. Stephens set a $173.00 target price on C.H. Robinson Worldwide in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $149.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. Sixteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.29.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $200.59 on Monday. The firm’s 50 day simple moving average is $170.77 and its 200-day simple moving average is $145.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.59 and a current ratio of 1.53. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $203.34. The firm has a market cap of $23.70 billion, a PE ratio of 41.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.97 billion. During the same period in the previous year, the company posted $1.21 EPS. C.H. Robinson Worldwide’s revenue was down 6.5% on a year-over-year basis. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a $0.63 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. C.H. Robinson Worldwide’s payout ratio is currently 52.17%.

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.