Mather Group LLC. Sells 130,631 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mather Group LLC. lessened its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 98.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,265 shares of the transportation company's stock after selling 130,631 shares during the quarter. Mather Group LLC.'s holdings in C.H. Robinson Worldwide were worth $232,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. bought a new position in C.H. Robinson Worldwide in the first quarter valued at approximately $27,000. First Financial Corp IN bought a new position in C.H. Robinson Worldwide in the first quarter valued at approximately $31,000. Proficio Capital Partners LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $33,000. AdvisorNet Financial Inc grew its stake in C.H. Robinson Worldwide by 252.1% in the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after purchasing an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in C.H. Robinson Worldwide by 31.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CHRW shares. Baird R W upgraded C.H. Robinson Worldwide to a "hold" rating in a research note on Tuesday, July 1st. Wolfe Research upgraded C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research note on Tuesday, July 1st. Truist Financial began coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a "buy" rating and a $115.00 target price on the stock. Susquehanna reissued a "positive" rating and set a $120.00 target price (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Finally, Robert W. Baird began coverage on C.H. Robinson Worldwide in a report on Tuesday, July 1st. They set a "neutral" rating and a $105.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average price target of $113.50.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded down $1.18 during trading on Friday, reaching $97.96. 478,230 shares of the company traded hands, compared to its average volume of 1,301,783. The company's 50 day moving average is $94.67 and its two-hundred day moving average is $97.67. The firm has a market capitalization of $11.63 billion, a PE ratio of 23.44, a PEG ratio of 1.61 and a beta of 0.89. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.24 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company's revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were given a dividend of $0.62 per share. The ex-dividend date was Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.53%. C.H. Robinson Worldwide's payout ratio is 59.33%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider directly owned 71,441 shares in the company, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.91% of the company's stock.

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.