PNC Financial Services Group Inc. Sells 182 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

PNC Financial Services Group Inc. lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,663 shares of the transportation company’s stock after selling 182 shares during the period. PNC Financial Services Group Inc.’s holdings in C.H. Robinson Worldwide were worth $1,618,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHRW. Quent Capital LLC grew its position in C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after acquiring an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV grew 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 acquiring an additional 185 shares during the last quarter. Venturi Wealth Management LLC grew its position in C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after acquiring an additional 111 shares during the last quarter. Eastern Bank acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in C.H. Robinson Worldwide during the 3rd quarter worth about $55,000. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $140.00 in a report on Friday, October 4th. The Goldman Sachs Group lifted their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Robert W. Baird lifted their target price on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Finally, Evercore ISI lifted their target price on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $107.63.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.18% of the stock is owned by insiders.

C.H. Robinson Worldwide Trading Down 1.1 %

Shares of C.H. Robinson Worldwide stock opened at $106.36 on Wednesday. The stock has a market capitalization of $12.57 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. 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 50 day moving average price of $107.74 and a two-hundred day moving average price of $97.31. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share 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. Stockholders 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 dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 85.81%.

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.