Chevy Chase Trust Holdings LLC Sells 1,043 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 62,885 shares of the transportation company’s stock after selling 1,043 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of C.H. Robinson Worldwide worth $6,941,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. D.A. Davidson & CO. raised its position in C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after purchasing an additional 443 shares in the last quarter. Chesapeake Capital Corp IL acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $835,000. abrdn plc grew its position in C.H. Robinson Worldwide by 2.6% in the third quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock valued at $55,818,000 after acquiring an additional 12,992 shares during the period. Forsta AP Fonden raised its stake in C.H. Robinson Worldwide by 113.2% during the third quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company’s stock worth $9,106,000 after acquiring an additional 43,800 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 62.3% during the third quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock valued at $3,549,000 after acquiring an additional 12,348 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Down 1.3 %

Shares of NASDAQ:CHRW opened at $106.17 on Friday. The company has a 50 day moving average price of $107.95 and a two-hundred day moving average price of $98.33. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $12.55 billion, a PE ratio of 36.74, a PEG ratio of 1.23 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 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 for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the business posted $0.84 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.34%. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Barclays raised their target price on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Susquehanna decreased their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. BMO Capital Markets boosted their target price on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Finally, Evercore ISI increased their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $107.63.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.47% of the stock is owned by company insiders.

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.