Vest Financial LLC Sells 13,098 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vest Financial LLC lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 531,814 shares of the transportation company’s stock after selling 13,098 shares during the period. Vest Financial LLC owned 0.45% of C.H. Robinson Worldwide worth $54,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Inspire Investing LLC purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $810,000. D.A. Davidson & CO. grew its holdings in C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after purchasing an additional 443 shares during the last quarter. Chesapeake Capital Corp IL acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $835,000. Northstar Advisory Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $587,000. Finally, JPMorgan Chase & Co. boosted its position in shares of C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after purchasing an additional 36,769 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction dated 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 owns 34,469 shares in the company, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CHRW has been the topic of several recent analyst reports. Robert W. Baird upped their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Citigroup cut their price objective on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Benchmark restated a “buy” rating and set a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Finally, Raymond James decreased their price target on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a 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 issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $117.17.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $96.59 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The company has a 50 day moving average price of $104.67 and a 200-day moving average price of $104.12. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.81 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.57%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

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.