Atria Investments Inc Lowers Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Atria Investments Inc reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,383 shares of the transportation company’s stock after selling 656 shares during the quarter. Atria Investments Inc’s holdings in C.H. Robinson Worldwide were worth $373,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CHRW. Massmutual Trust Co. FSB ADV raised its holdings in C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares in the last quarter. Quent Capital LLC raised its holdings in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares in the last quarter. Eastern Bank bought a new position in C.H. Robinson Worldwide in the third quarter worth about $54,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in C.H. Robinson Worldwide in the third quarter worth about $55,000. Finally, Peoples Bank KS bought a new position in C.H. Robinson Worldwide in the third quarter worth about $66,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CHRW shares. Wells Fargo & Company upped their price objective on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Benchmark upped their price objective on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $87.00 to $110.00 in a report on Thursday, August 1st. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $140.00 in a report on Friday, October 4th. Finally, Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their price objective for the company from $110.00 to $127.00 in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $107.63.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction on Monday, November 11th. The stock was 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 of the company’s stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Trading Down 0.3 %

NASDAQ:CHRW opened at $108.70 on Friday. The firm has a market cap of $12.85 billion, a P/E ratio of 37.61, a PEG ratio of 1.26 and a beta of 0.84. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock’s 50 day simple moving average is $107.45 and its 200-day simple moving average is $96.69. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.28%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

C.H. Robinson Worldwide 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.