Farther Finance Advisors LLC Has $2.79 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Farther Finance Advisors LLC boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,995 shares of the transportation company’s stock after purchasing an additional 2,709 shares during the quarter. Farther Finance Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $2,789,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Independent Advisor Alliance grew its holdings in shares of C.H. Robinson Worldwide by 3.3% during the fourth quarter. Independent Advisor Alliance now owns 5,596 shares of the transportation company’s stock valued at $578,000 after buying an additional 180 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in C.H. Robinson Worldwide by 7.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,552 shares of the transportation company’s stock valued at $1,607,000 after purchasing an additional 1,138 shares during the last quarter. Moran Wealth Management LLC boosted its stake in C.H. Robinson Worldwide by 19.8% during the 4th quarter. Moran Wealth Management LLC now owns 2,526 shares of the transportation company’s stock valued at $261,000 after purchasing an additional 417 shares during the last quarter. Amundi boosted its stake in C.H. Robinson Worldwide by 34.5% during the 4th quarter. Amundi now owns 654,547 shares of the transportation company’s stock valued at $67,818,000 after purchasing an additional 168,025 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of C.H. Robinson Worldwide by 1.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 43,660 shares of the transportation company’s stock valued at $4,511,000 after buying an additional 438 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock worth $1,513,656 over the last 90 days. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the topic of several analyst reports. Bank of America cut 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. Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They set a “buy” rating and a $129.00 price objective on the stock. Robert W. Baird boosted their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. JPMorgan Chase & Co. cut their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, StockNews.com downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $117.79.

C.H. Robinson Worldwide Stock Down 1.9 %

Shares of NASDAQ CHRW opened at $96.18 on Thursday. The stock has a market capitalization of $11.42 billion, a PE ratio of 24.98, a P/E/G ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. 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 business’s fifty day moving average price is $101.38 and its 200-day moving average price is $104.63.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating 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, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business 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 is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.58%. C.H. Robinson Worldwide’s dividend payout ratio is currently 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.