C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,342 shares of the transportation company’s stock after selling 944 shares during the period. Securian Asset Management Inc.’s holdings in C.H. Robinson Worldwide were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Montag A & Associates Inc. acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth $31,000. Pacific Center for Financial Services purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth $34,000. Quadrant Capital Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 13.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock worth $130,000 after buying an additional 184 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth $140,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. TD Cowen raised their price target on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Susquehanna raised their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. BMO Capital Markets raised their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Finally, StockNews.com raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $82.60.

C.H. Robinson Worldwide Stock Up 2.1 %

CHRW stock opened at $84.34 on Thursday. The firm has a market cap of $9.88 billion, a PE ratio of 33.34, a P/E/G ratio of 3.92 and a beta of 0.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37. The firm’s fifty day moving average is $75.26 and its 200 day moving average is $79.11. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $102.24.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.60 by $0.26. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.59 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.44 annualized dividend and a dividend yield of 2.89%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 96.44%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.