C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock Holdings Lessened by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,833 shares of the transportation company’s stock after selling 127 shares during the period. Principal Financial Group Inc. owned approximately 0.11% of C.H. Robinson Worldwide worth $14,882,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Interval Partners LP purchased a new position in C.H. Robinson Worldwide during the 2nd quarter worth approximately $82,581,000. Point72 Asset Management L.P. purchased a new position in C.H. Robinson Worldwide during the 2nd quarter worth approximately $69,378,000. ProShare Advisors LLC grew its position in C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after purchasing an additional 526,872 shares in the last quarter. Vest Financial LLC grew its position in C.H. Robinson Worldwide by 44.1% during the 2nd quarter. Vest Financial LLC now owns 627,804 shares of the transportation company’s stock worth $55,322,000 after purchasing an additional 192,205 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in C.H. Robinson Worldwide by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after purchasing an additional 177,119 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

CHRW has been the topic of several research analyst reports. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Evercore ISI lifted their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Benchmark lifted their price objective on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group lifted their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price target for the company from $76.00 to $99.00 in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $107.63.

C.H. Robinson Worldwide Trading Down 1.2 %

Shares of NASDAQ:CHRW opened at $110.19 on Friday. The stock has a market capitalization of $13.03 billion, a PE ratio of 38.13, a P/E/G ratio of 1.29 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $113.10. The firm has a fifty day moving average price of $106.75 and a 200 day moving average price of $95.78. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. Analysts expect that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is 85.81%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the transaction, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.47% of the company’s stock.

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.