C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,698 shares of the transportation company's stock after selling 6,076 shares during the period. Cetera Investment Advisers owned about 0.08% of C.H. Robinson Worldwide worth $9,887,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. National Pension Service acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $25,000. Proficio Capital Partners LLC purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $33,000. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $41,000. Mainstream Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at $41,000. Finally, Brooklyn Investment Group increased its stake in C.H. Robinson Worldwide by 213.5% in 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on CHRW shares. Stephens restated an "equal weight" rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Barclays dropped their price target on shares of C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Raymond James decreased 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 report on Friday, April 11th. Wells Fargo & Company dropped their price objective on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, TD Securities increased their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $114.38.

Insider Activity

In other news, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction 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 $7,732,740.53. The trade was a 9.41% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Up 0.7%

Shares of CHRW stock traded up $0.72 on Thursday, hitting $98.75. The stock had a trading volume of 1,696,566 shares, compared to its average volume of 1,382,251. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The stock's 50 day moving average is $94.16 and its 200-day moving average is $100.82. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide, Inc. has a 52-week low of $81.39 and a 52-week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The business's revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. As a group, research 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is presently 59.33%.

C.H. Robinson Worldwide 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.