Vest Financial LLC Reduces Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vest Financial LLC reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 506,876 shares of the transportation company's stock after selling 24,938 shares during the period. Vest Financial LLC owned 0.43% of C.H. Robinson Worldwide worth $51,904,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $211,000. Empowered Funds LLC grew its position in shares of C.H. Robinson Worldwide by 59.8% during the fourth quarter. Empowered Funds LLC now owns 15,166 shares of the transportation company's stock worth $1,567,000 after acquiring an additional 5,673 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $1,075,000. Commonwealth Equity Services LLC grew its position in shares of C.H. Robinson Worldwide by 6.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,755 shares of the transportation company's stock worth $1,731,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of C.H. Robinson Worldwide by 355.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 173,474 shares of the transportation company's stock worth $17,830,000 after acquiring an additional 135,427 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. TD Securities raised their target price on shares of 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. Wells Fargo & Company decreased their price target 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. Wall Street Zen downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. UBS Group decreased their price target on C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Citigroup decreased their price target on 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 research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $114.29.

Insider Activity

In related news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction dated 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 now owns 71,441 shares in the company, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $0.29 during mid-day trading on Friday, reaching $95.80. The stock had a trading volume of 690,183 shares, compared to its average volume of 1,337,856. C.H. Robinson Worldwide, Inc. has a 12-month low of $82.16 and a 12-month high of $114.82. The company has a market cap of $11.37 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 1.16 and a beta of 0.90. The business has a 50-day simple moving average of $93.13 and a 200 day simple moving average of $99.56. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly 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. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter last year, the business posted $0.86 earnings per share. The business's revenue for the quarter was down 8.3% on a year-over-year basis. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Friday, June 6th. 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.