Harel Insurance Investments & Financial Services Ltd. Sells 215 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Harel Insurance Investments & Financial Services Ltd. reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 18.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 961 shares of the transportation company’s stock after selling 215 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in C.H. Robinson Worldwide were worth $99,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board bought a new position in C.H. Robinson Worldwide in the 2nd quarter worth about $411,000. Bank of Montreal Can grew its holdings in shares of C.H. Robinson Worldwide by 16.5% during the second quarter. Bank of Montreal Can now owns 260,064 shares of the transportation company’s stock worth $23,297,000 after purchasing an additional 36,769 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of C.H. Robinson Worldwide by 60.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,162 shares of the transportation company’s stock worth $1,953,000 after purchasing an additional 8,356 shares during the last quarter. Toronto Dominion Bank raised its stake in C.H. Robinson Worldwide by 64.0% in the second quarter. Toronto Dominion Bank now owns 56,940 shares of the transportation company’s stock valued at $5,018,000 after purchasing an additional 22,231 shares in the last quarter. Finally, AXA S.A. purchased a new position in C.H. Robinson Worldwide in the 2nd quarter worth approximately $217,000. Institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the 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 completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following 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 disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CHRW. BMO Capital Markets increased their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Evercore ISI raised their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $118.00 to $130.00 in a report on Monday, December 9th. Robert W. Baird boosted their target price 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. Finally, UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.71.

C.H. Robinson Worldwide Trading Up 1.1 %

NASDAQ CHRW opened at $108.16 on Friday. The stock has a market cap of $12.79 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The stock has a 50 day simple moving average of $105.88 and a two-hundred day simple moving average of $103.27. 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 announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion during 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 firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.39 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

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.