C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 16.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 406,243 shares of the transportation company's stock after selling 77,106 shares during the period. Nuveen Asset Management LLC owned 0.34% of C.H. Robinson Worldwide worth $41,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Parallel Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 2.4% in the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock worth $443,000 after buying an additional 102 shares during the period. Cascade Investment Advisors Inc. grew its position in C.H. Robinson Worldwide by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock valued at $1,652,000 after acquiring an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in C.H. Robinson Worldwide by 3.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock valued at $400,000 after purchasing an additional 131 shares in the last quarter. Sound Financial Strategies Group LLC grew its stake in shares of C.H. Robinson Worldwide by 1.9% during the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock valued at $867,000 after acquiring an additional 156 shares in the last quarter. Finally, Independent Advisor Alliance grew its stake in C.H. Robinson Worldwide by 3.3% during the 4th quarter. Independent Advisor Alliance now owns 5,596 shares of the transportation company's stock valued at $578,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider now directly owns 71,441 shares in the company, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Down 0.2%

Shares of NASDAQ:CHRW opened at $100.08 on Tuesday. 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 company has a market cap of $11.88 billion, a PE ratio of 25.99, a price-to-earnings-growth 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. The firm has a 50 day simple moving average of $94.22 and a 200 day simple moving average of $100.61.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The company's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.48%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

Analyst Ratings Changes

CHRW has been the subject of several research reports. Raymond James decreased their target price on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Jefferies Financial Group reduced their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a "buy" rating and a $129.00 price objective for the company. Wells Fargo & Company cut their target price on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, UBS Group cut their target price on C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating for the company 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 assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.29.

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.

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