WealthPlan Investment Management LLC Sells 2,068 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

WealthPlan Investment Management LLC lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 41.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,965 shares of the transportation company’s stock after selling 2,068 shares during the period. WealthPlan Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. Van ECK Associates Corp boosted its holdings in C.H. Robinson Worldwide by 92,841.1% during the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after buying an additional 3,004,338 shares during the last quarter. FMR LLC raised its position in shares of C.H. Robinson Worldwide by 2,259.1% during the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock worth $282,303,000 after purchasing an additional 2,449,367 shares during the period. Citigroup Inc. raised its position in shares of C.H. Robinson Worldwide by 137.8% during the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock worth $47,573,000 after purchasing an additional 249,774 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of C.H. Robinson Worldwide by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock worth $155,149,000 after purchasing an additional 153,654 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of C.H. Robinson Worldwide by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock worth $436,648,000 after purchasing an additional 142,116 shares during the period. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CHRW shares. Citigroup dropped their price target on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird raised their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Friday, January 31st. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $118.00 to $130.00 in a research report on Monday, December 9th. Finally, Bank of America dropped their target price on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average target price of $117.17.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $99.49 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The stock has a 50 day moving average of $103.91 and a 200-day moving average of $104.54. The company has a market capitalization of $11.76 billion, a P/E ratio of 25.84, a P/E/G ratio of 1.12 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.49%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

About C.H. Robinson Worldwide

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.