C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 14,445 shares of the transportation company’s stock after selling 326 shares during the period. Mutual of America Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,594,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after buying an additional 111 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares during the period. Quent Capital LLC boosted its position in shares of C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after buying an additional 146 shares during the period. Eastern Bank purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $55,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 0.1 %

Shares of NASDAQ CHRW opened at $107.54 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock’s 50 day moving average price is $107.74 and its two-hundred day moving average price is $97.31. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10. The stock has a market capitalization of $12.71 billion, a P/E ratio of 37.21, a PEG ratio of 1.23 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.31%. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

Analysts Set New Price Targets

CHRW has been the subject of a number of analyst reports. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $140.00 in a report on Friday, October 4th. Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $127.00 in a research note on Tuesday, November 12th. BMO Capital Markets lifted their price target on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company raised their target price on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and an average target price of $107.63.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.18% 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.