C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Position Cut by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,071,852 shares of the transportation company’s stock after selling 70,724 shares during the period. C.H. Robinson Worldwide comprises approximately 4.2% of Clarkston Capital Partners LLC’s holdings, making the stock its 8th largest position. Clarkston Capital Partners LLC’s holdings in C.H. Robinson Worldwide were worth $228,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of C.H. Robinson Worldwide by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after buying an additional 177,119 shares during the period. Covestor Ltd lifted its position in C.H. Robinson Worldwide by 33.3% during the 1st quarter. Covestor Ltd now owns 1,656 shares of the transportation company’s stock worth $126,000 after acquiring an additional 414 shares during the period. PAX Financial Group LLC grew its stake in shares of C.H. Robinson Worldwide by 10.5% in the 1st quarter. PAX Financial Group LLC now owns 6,119 shares of the transportation company’s stock valued at $466,000 after purchasing an additional 581 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of C.H. Robinson Worldwide by 14.8% in the first quarter. Ameritas Investment Partners Inc. now owns 10,223 shares of the transportation company’s stock valued at $778,000 after purchasing an additional 1,316 shares during the period. Finally, Seven Eight Capital LP acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $546,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CHRW shares. Benchmark increased their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $127.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets lifted their price objective on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus target price of $107.63.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $110.19 on Monday. The business has a 50 day moving average price of $106.75 and a 200 day moving average price of $96.12. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $13.03 billion, a P/E ratio of 38.13, a PEG ratio of 1.27 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The business’s revenue was up 7.0% on a year-over-year basis. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.25%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 85.81%.

About C.H. Robinson Worldwide

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.