Farther Finance Advisors LLC Trims Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Farther Finance Advisors LLC reduced its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 15.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,387 shares of the transportation company’s stock after selling 2,894 shares during the period. Farther Finance Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $2,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at $27,000. Clearstead Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after buying an additional 128 shares in the last quarter. Park Place Capital Corp purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $39,000. Arlington Trust Co LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $34,000. Finally, Measured Wealth Private Client Group LLC bought a new position in C.H. Robinson Worldwide in the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Bank of America lowered their target price on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. UBS Group set a $160.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Evercore increased their target price on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. BMO Capital Markets reissued a “market perform” rating and issued a $180.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $215.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Fifteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $186.43.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto bought 594 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were bought at an average price of $168.24 per share, with a total value of $99,934.56. Following the transaction, the insider owned 35,488 shares in the company, valued at approximately $5,970,501.12. This trade represents a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael John Short sold 6,368 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the transaction, the insider directly owned 52,101 shares of the company’s stock, valued at approximately $10,487,931.30. This represents a 10.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders acquired 2,422 shares of company stock worth $400,801 and sold 17,796 shares worth $3,555,415. Company insiders own 0.37% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $182.24 on Friday. The firm’s fifty day simple moving average is $175.83 and its two-hundred day simple moving average is $163.74. The firm has a market capitalization of $21.48 billion, a P/E ratio of 37.73, a P/E/G ratio of 1.88 and a beta of 0.93. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. C.H. Robinson Worldwide, Inc. has a 12-month low of $86.58 and a 12-month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the business posted $1.21 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.17%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.