Shell Asset Management Co. Sells 3,898 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Shell Asset Management Co. cut its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 51.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,621 shares of the transportation company’s stock after selling 3,898 shares during the quarter. Shell Asset Management Co.’s holdings in C.H. Robinson Worldwide were worth $479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transcend Capital Advisors LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth about $460,000. TD Waterhouse Canada Inc. boosted its position in shares of C.H. Robinson Worldwide by 8,726.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock valued at $2,341,000 after purchasing an additional 17,452 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in C.H. Robinson Worldwide by 91.8% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,774 shares of the transportation company’s stock worth $1,559,000 after purchasing an additional 5,634 shares in the last quarter. Norges Bank acquired a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $118,976,000. Finally, Oak Thistle LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $999,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CHRW. Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Morgan Stanley increased their price objective on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock an “underweight” rating in a research report on Thursday, January 29th. Barclays upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $145.00 to $200.00 in a research note on Tuesday, December 16th. Weiss Ratings raised C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Finally, 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 research note on Friday, January 9th. Sixteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.29.

Insiders Place Their Bets

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

C.H. Robinson Worldwide Stock Up 0.8%

CHRW opened at $177.38 on Wednesday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $203.34. The firm has a market capitalization of $20.96 billion, a P/E ratio of 36.72, a PEG ratio of 1.85 and a beta of 0.90. The company’s 50-day moving average is $174.56 and its 200 day moving average is $149.59. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) 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 company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the company posted $1.21 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 6.5% on a year-over-year basis. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, March 6th. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.17%.

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.