C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Saratoga Research & Investment Management

Saratoga Research & Investment Management trimmed its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 443,311 shares of the transportation company’s stock after selling 11,116 shares during the period. C.H. Robinson Worldwide accounts for about 2.3% of Saratoga Research & Investment Management’s holdings, making the stock its 17th biggest holding. Saratoga Research & Investment Management’s holdings in C.H. Robinson Worldwide were worth $42,536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHRW. CYBER HORNET ETFs LLC purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at about $30,000. WPG Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $32,000. MUFG Securities EMEA plc purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $34,000. FNY Investment Advisers LLC purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $38,000. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of C.H. Robinson Worldwide by 203.4% in the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 299 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Evercore ISI upped their price objective on shares of C.H. Robinson Worldwide from $155.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Raymond James Financial raised their price objective on shares of C.H. Robinson Worldwide from $158.00 to $161.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $135.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Finally, Morgan Stanley boosted their target price on shares of C.H. Robinson Worldwide from $77.00 to $85.00 and gave the company an “underweight” rating in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $143.35.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the transaction, the insider owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. This represents a 57.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Down 1.7%

NASDAQ CHRW opened at $157.09 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $18.56 billion, a P/E ratio of 31.86, a PEG ratio of 2.15 and a beta of 0.90. The firm’s 50-day moving average is $145.15 and its two-hundred day moving average is $123.58. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $162.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the business earned $1.28 earnings per share. The business’s revenue for the quarter was down 10.9% 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.6%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, December 5th. C.H. Robinson Worldwide’s payout ratio is currently 51.12%.

C.H. Robinson Worldwide 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.