ING Groep NV Trims Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

ING Groep NV lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 49.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 28,031 shares of the transportation company’s stock after selling 27,789 shares during the period. ING Groep NV’s holdings in C.H. Robinson Worldwide were worth $2,896,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CHRW. QRG Capital Management Inc. raised its position in shares of C.H. Robinson Worldwide by 0.9% during the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after purchasing an additional 98 shares during the period. Cascade Investment Advisors Inc. raised its holdings in C.H. Robinson Worldwide by 0.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock valued at $1,652,000 after acquiring an additional 105 shares during the period. Venturi Wealth Management LLC lifted its position in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock worth $400,000 after acquiring an additional 131 shares during the period. Finally, SkyView Investment Advisors LLC boosted its stake in shares of C.H. Robinson Worldwide by 2.3% in the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after acquiring an additional 144 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity

In other news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday, January 30th. Robert W. Baird raised their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $118.00 to $130.00 in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $117.17.

C.H. Robinson Worldwide Stock Up 0.5 %

Shares of CHRW opened at $100.88 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average of $102.86 and a 200 day moving average of $104.62. The company has a market cap of $11.98 billion, a PE ratio of 26.20, a P/E/G ratio of 1.16 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) 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, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.46%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

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.