Amalgamated Bank Sells 268 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Amalgamated Bank cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,666 shares of the transportation company’s stock after selling 268 shares during the quarter. Amalgamated Bank’s holdings in C.H. Robinson Worldwide were worth $2,342,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the period. Missouri Trust & Investment Co bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at approximately $41,000. Quarry LP grew its holdings in shares of C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after acquiring an additional 171 shares during the period. Brooklyn Investment Group raised its holdings in C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after purchasing an additional 316 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at $52,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday. Bank of America cut their price target on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. BMO Capital Markets lifted their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Citigroup dropped their price target on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Finally, Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $118.00 to $130.00 in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $117.17.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $101.62 on Monday. The company’s 50 day moving average is $102.14 and its 200 day moving average is $104.72. 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 company has a market cap of $12.06 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.16 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping 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%. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.47% of the company’s stock.

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.