Bank of Montreal Can Sells 26,646 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Bank of Montreal Can decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 223,555 shares of the transportation company's stock after selling 26,646 shares during the quarter. Bank of Montreal Can owned 0.19% of C.H. Robinson Worldwide worth $23,098,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Parallel Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock valued at $443,000 after buying an additional 102 shares in the last quarter. Cascade Investment Advisors Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock valued at $1,652,000 after purchasing an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock worth $400,000 after acquiring an additional 131 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock valued at $717,000 after acquiring an additional 144 shares in the last quarter. Finally, Sound Financial Strategies Group LLC raised its holdings in C.H. Robinson Worldwide by 1.9% in the 4th quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock valued at $867,000 after buying an additional 156 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares of the company's stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CHRW shares. Bank of America dropped their price target on C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a "buy" rating and a $129.00 price target on the stock. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target on the stock in a report on Friday, January 31st. StockNews.com lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Susquehanna dropped their price target on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.20.

C.H. Robinson Worldwide Trading Up 1.9 %

NASDAQ:CHRW traded up $1.69 on Thursday, reaching $91.55. 208,311 shares of the company's stock were exchanged, compared to its average volume of 1,408,016. The business has a fifty day moving average of $97.63 and a 200-day moving average of $103.28. The firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

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.