ProShare Advisors LLC Has $183.40 Million Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

ProShare Advisors LLC lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,775,078 shares of the transportation company's stock after selling 199,585 shares during the quarter. ProShare Advisors LLC owned approximately 1.50% of C.H. Robinson Worldwide worth $183,401,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in 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 last quarter. Norges Bank bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at about $134,833,000. Raymond James Financial Inc. bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at about $102,174,000. First Trust Advisors LP increased its holdings in 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 purchasing an additional 748,661 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in C.H. Robinson Worldwide by 25.7% in the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after purchasing an additional 593,211 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Raymond James lowered their price target on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a report on Friday, April 11th. TD Cowen increased their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Jefferies Financial Group lowered their price target on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a report on Friday, April 11th. StockNews.com downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. lowered their price target on C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.29.

C.H. Robinson Worldwide Stock Up 1.5%

NASDAQ CHRW traded up $1.53 during trading hours on Friday, hitting $100.28. 1,634,809 shares of the company traded hands, compared to its average volume of 1,380,673. The business's 50-day moving average is $94.15 and its 200-day moving average is $100.64. C.H. Robinson Worldwide, Inc. has a twelve month low of $81.39 and a twelve month high of $114.82. 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 stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 1.16 and a beta of 0.92.

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 (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.15. The firm had revenue of $4.05 billion for 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 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 company earned $0.86 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.47%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's payout ratio is 59.33%.

Insiders Place Their Bets

In related news, insider Angela K. Freeman sold 8,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now owns 77,027 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares in the company, valued at $3,444,765.60. The trade was a 12.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,716 shares of company stock worth $1,858,008 in the last 90 days. Company insiders own 1.47% of the company's stock.

About C.H. Robinson Worldwide

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.