Mather Group LLC. Has $232,000 Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mather Group LLC. reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 98.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,265 shares of the transportation company's stock after selling 130,631 shares during the period. Mather Group LLC.'s holdings in C.H. Robinson Worldwide were worth $232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Deseret Mutual Benefit Administrators grew its holdings in shares of C.H. Robinson Worldwide by 5.5% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock valued at $223,000 after acquiring an additional 114 shares in the last quarter. Amalgamated Bank grew its holdings in shares of C.H. Robinson Worldwide by 1.9% during the 1st quarter. Amalgamated Bank now owns 23,098 shares of the transportation company's stock valued at $2,365,000 after acquiring an additional 432 shares in the last quarter. Philip James Wealth Mangement LLC grew its holdings in shares of C.H. Robinson Worldwide by 27.6% during the 1st quarter. Philip James Wealth Mangement LLC now owns 3,085 shares of the transportation company's stock valued at $316,000 after acquiring an additional 668 shares in the last quarter. Transcend Capital Advisors LLC bought a new stake in C.H. Robinson Worldwide in the first quarter worth $387,000. Finally, Perpetual Ltd boosted its holdings in C.H. Robinson Worldwide by 10.1% in the first quarter. Perpetual Ltd now owns 4,921 shares of the transportation company's stock worth $504,000 after purchasing an additional 450 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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 that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following 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 document filed with the SEC, which is accessible through this link. Corporate insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CHRW shares. TD Securities upped their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. UBS Group decreased their price objective on shares of C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating for the company in a report 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 report on Thursday, May 1st. Baird R W upgraded shares of C.H. Robinson Worldwide to a "hold" rating in a report on Tuesday, July 1st. Finally, Citigroup decreased their price objective on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $113.50.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded down $1.30 during trading hours on Monday, hitting $96.73. The company had a trading volume of 1,211,049 shares, compared to its average volume of 1,301,420. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.24 and a 12 month high of $114.82. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.61 and a beta of 0.89. The firm's fifty day moving average is $94.82 and its 200 day moving average is $97.62. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the company posted $0.86 EPS. The company's revenue was down 8.3% compared to the same quarter last year. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were paid a $0.62 dividend. The ex-dividend date was Friday, June 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.56%. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

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.