United Capital Financial Advisors LLC Cuts Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

United Capital Financial Advisors LLC lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 184,202 shares of the transportation company's stock after selling 39,917 shares during the period. United Capital Financial Advisors LLC owned approximately 0.16% of C.H. Robinson Worldwide worth $19,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. National Pension Service purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth about $25,000. Proficio Capital Partners LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $33,000. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $41,000. Mainstream Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $41,000. Finally, Brooklyn Investment Group lifted its stake in shares of C.H. Robinson Worldwide by 213.5% in the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHRW. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price objective for the company in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Bank of America cut their price objective on C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Raymond James dropped their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Jefferies Financial Group reduced their price objective on shares of 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $117.20.

C.H. Robinson Worldwide Trading Down 2.4 %

NASDAQ CHRW traded down $2.15 on Monday, reaching $88.99. 132,776 shares of the company were exchanged, compared to its average volume of 1,401,808. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The business's fifty day moving average price is $97.29 and its 200 day moving average price is $102.96. The stock has a market capitalization of $10.52 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $69.66 and a fifty-two week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Analysts forecast 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 was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's payout ratio is presently 64.42%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now directly 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. 1.47% of the stock is currently owned by insiders.

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.