ProShare Advisors LLC Lowers Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

ProShare Advisors LLC reduced its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 10.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,775,078 shares of the transportation company’s stock after selling 199,585 shares during the period. ProShare Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $183,401,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Czech National Bank lifted its stake in shares of C.H. Robinson Worldwide by 7.3% in the 4th quarter. Czech National Bank now owns 25,630 shares of the transportation company’s stock worth $2,648,000 after acquiring an additional 1,739 shares during the period. Oak Thistle LLC lifted its stake in shares of C.H. Robinson Worldwide by 243.7% in the fourth quarter. Oak Thistle LLC now owns 8,795 shares of the transportation company’s stock valued at $909,000 after purchasing an additional 6,236 shares during the period. USA Financial Formulas lifted its stake in shares of C.H. Robinson Worldwide by 7.5% in the fourth quarter. USA Financial Formulas now owns 2,541 shares of the transportation company’s stock valued at $263,000 after purchasing an additional 177 shares during the period. Contravisory Investment Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $543,000. Finally, Gateway Investment Advisers LLC lifted its stake in shares of C.H. Robinson Worldwide by 97.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 5,856 shares of the transportation company’s stock valued at $605,000 after purchasing an additional 2,895 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CHRW. Jefferies Financial Group reduced their price objective on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Wells Fargo & Company cut their target price on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. UBS Group cut their target price on shares of C.H. Robinson Worldwide from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. TD Cowen lifted their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.38.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $98.03 on Thursday. The company has a market cap of $11.64 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide, Inc. has a 12 month low of $81.39 and a 12 month 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 company has a 50-day simple moving average of $94.16 and a 200-day simple moving average of $100.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.15. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a $0.62 dividend. The ex-dividend date is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.53%. C.H. Robinson Worldwide’s payout ratio is 59.33%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. The trade was a 12.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

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.