Barclays PLC Reduces Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Barclays PLC reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 50.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,087 shares of the transportation company's stock after selling 249,748 shares during the quarter. Barclays PLC owned about 0.21% of C.H. Robinson Worldwide worth $25,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CHRW. National Pension Service acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at $25,000. Proficio Capital Partners LLC acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at $33,000. Missouri Trust & Investment Co bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $41,000. Mainstream Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $41,000. Finally, Brooklyn Investment Group boosted its position in C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after purchasing an additional 316 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded up $1.40 during mid-day trading on Thursday, reaching $92.01. The stock had a trading volume of 252,513 shares, compared to its average volume of 1,400,556. The firm's 50 day simple moving average is $96.78 and its 200 day simple moving average is $102.67. The firm has a market cap of $10.88 billion, a PE ratio of 23.91, a P/E/G 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 one year low of $69.66 and a one year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (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%. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.70%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is currently 64.42%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lifted their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. StockNews.com downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Wells Fargo & Company reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Raymond James reduced their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $117.20.

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.