Tower Research Capital LLC TRC Decreases Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Tower Research Capital LLC TRC reduced its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 32.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,327 shares of the transportation company's stock after selling 3,449 shares during the period. Tower Research Capital LLC TRC's holdings in C.H. Robinson Worldwide were worth $757,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CHRW. Van ECK Associates Corp grew its holdings in shares of C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after purchasing an additional 3,004,338 shares during the period. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $134,833,000. Raymond James Financial Inc. acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $102,174,000. First Trust Advisors LP grew its stake in shares of C.H. Robinson Worldwide by 163.6% in the fourth quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock valued at $124,625,000 after buying an additional 748,661 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in C.H. Robinson Worldwide by 25.7% during the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock worth $299,582,000 after acquiring an additional 593,211 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CHRW. Barclays lowered their price objective on shares of C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Thursday. Evercore ISI decreased their price objective on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price on the stock in a research report on Friday, January 31st. Susquehanna cut their price target on C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating for the company in a research note on Thursday. Finally, Citigroup cut their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.38.

Insider Transactions at C.H. Robinson Worldwide

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 value of $803,120.00. Following the completion of the transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction on 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 transaction, the insider now owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Trading Up 0.9 %

NASDAQ:CHRW traded up $0.82 during trading hours on Friday, hitting $91.10. The company had a trading volume of 493,786 shares, compared to its average volume of 1,366,965. C.H. Robinson Worldwide, Inc. has a 52 week low of $78.16 and a 52 week high of $114.82. The stock has a 50-day moving average price of $95.55 and a 200 day moving average price of $101.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The company has a market capitalization of $10.77 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.15. The business had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The business's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 64.42%.

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.